Your Boss Doesn't Understand Your 401(k) Plan's Fees Either

401(k) plans are under fire for their high and often-hidden fees, which rob employees of their investment returns. But don't blame your employer -- when it comes to understanding the retirement plans they offer, the bosses are just as much in the dark as workers are.

The Higher the Debt Ceiling, the Deeper the Hole

When some new members of Congress recently declared their resistance to raising the nation's debt limit, it triggered warnings of "catastrophic consequences." Problem is, the higher this ceiling gets, the deeper the hole that the U.S. is digging itself into.

Fed to Drop Bid to Keep AIG Bailout Secrets

The Fed is giving up on its fight to keep some of its bailout dealings secret. Chairman Ben Bernanke has invited congressional auditors to review the Fed's aid to AIG. Congress wants to know who benefited from the $62 billion the government gave to the struggling insurer.

No exit from Fannie and Freddie?

It was a year ago this week that the federal government seized ailing mortgage-finance giants Fannie Mae (FNM) and Freddie Mac (FRE). Their collapse,...