ProPublica Staff United States (ProPublica) – by Cora Currier According to the Wall Street Journal, the Securities and Exchange Commission has warned a top banker that it may bring civil charges against him for his role in creating a risky collateralized debt obligation, or CDO, that exploded spectacularly as the housing market crashed. It’s the [...]

Diane Alter – AHN News Reporter Brussels, Belgium (AHN) – Greek politicians have reached a deal that will help the financially ailing Mediterranean country avoid a messy default. Political leaders struck a deal for a package of austerity measures Thursday. The move clears the way for a swap to cut the nation’s debt and secure [...]

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks moved in and out of positive territory Friday after Thursday’s big gains, and finished the week substantially higher. The Dow Jones Industrial Average finished the day at 12,231.02 up 22.48, the Standard & Poor’s 500 Index nudged up 50 cents [...]

Tom Ramstack – AHN News Legal Correspondent Washington, DC, United States (AHN) – The Senate is scheduled to give final approval to a new debt ceiling Tuesday to save the U.S. economy from its first default in history within hours of running out of money. The House approved the measure Monday evening. Bickering between Republicans [...]

Vittorio Hernandez – AHN News Athens, Greece (AHN) – Ratings agency Standard & Poor’s reduced Greece’s credit ratings to CCC from B on Monday. The three-notch cut made Greece the world’s least credit worthy nation. S&P explained that it had to cut Athens’ rating because of the chances that the country would likely default on [...]

No doubt, millions of people around the world are in debt and are, therefore, always on the lookout for a relief from their debts. Long ago, they should have assessed their financial ability to zero in on the amount of credit to be taken as they might be in a financial crunch if they are [...]

Damian Grass – Celebrity News Service Reporter New York City, NY, United States (AHN Entertainment) – Reality star Bethenny Frankel is being sued by her ex-manager for $100 million after they say they were cut out of a lucrative deal. According to The Hollywood Reporter, Raw Talent president Doug Wald filed a lawsuit Wednesday in [...]

Ayinde O. Chase – AHN News Editor Washington, D.C.U.S. Government shutdown averted in 11th hour, United States (AHN) – Government lawmakers were able to reach a last minute budget deal saving the federal government from shutting down. Billions of dollars were cut through bluster, bargaining and posturing in the media but it doesn’t completely solve [...]

WASHINGTON (Reuters) – President Barack Obama’s tax deal with Republicans will likely win grudging passage in the Congress, backers and critics agreed on Sunday, after Obama clashed with liberals in his own party who branded it a giveaway to the rich. View full post on All Stories

In order to get involved in debt consolidation it is important that one knows what that means. This is when a financial institution or debt firm combines all debts that one owes and allows one to pay them off as one with low interest rates tied in and this avoids one from declaring bankruptcy. This [...]

Matthew Borghese – AHN News Contributor Washington, D.C., United States (AHN) – Vermont’s Independent Sen. Bernard Sanders spent over eight hours denouncing the new agreement to extend Bush-era tax cuts to millions of Americans. Speaking on the floor of the U.S. Senate, Sanders spoke out against President Barack Obama’s efforts, saying the deal only increases [...]