Posts Tagged ‘US Government’:


Credit Downgrade May Mean Credit Card Fees Rise

Published by Don M. on August 11th, 2011

If you have been following the stock market or reading the news lately, you have seen the market falling and rebounding faster than a yo-yo. It seems like every night the market is closing 400 points down and rallying the next day. This is mainly due to the downgrade on treasury bonds from a AAA to a AA+. While the Feds have said that why will be keeping rates near zero, it is looking like many major credit cards will be raising interest rates because of the downgrade. We may be seeing an increase for bank loans, credit cards, and

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The Federal Debt Ceiling And How It Can Affect You

Published by Don M. on July 15th, 2011

If you have been following news headlines you have been probably seeing a lot of headlines about impending government shutdowns, the federal deficit, and debates in Congress over the debt ceiling. While the idea of a government shutdown can seem daunting and scary, it is relatively unlikely. But in case you haven’t been following the debates over the debt ceiling increase, we thought we would give you a rundown of what is happening in Congress and how the potential of no agreement could effect you. Every year, congress decides upon a ceiling for how much money the U.S. Treasury can

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