From The Onion: A fake coup to solve our national debt consolidation problems??? Pretty funny. Or is it?
Posts under ‘Congress and Government’
Credit Card Bill of Rights
Both the US House and the US Senate passed a bill to restrict credit card practices and eliminate sudden increases in interest rates and late fees. Here are some of the major provisions of the bill and how it will affect you (via boston.com): Creditors cannot increase the annual percentage rate (APR) during the first [...]
Interest Rates to Stay Low for “Extended Period”
The Federal Open Market Committee met today and decided to keep the Federal Funds Rate between 0% and 0.25%. Below is a quote from a very good analysis on Businessweek: The FOMC stuck to its target range for the federal funds rate at 0% to 0.25%, and signaled that rates are likely to remain at [...]
