Student Loan Debt
How advisors can help clients understand the burden of student loan debt and the best ways to reduce, eliminate or manage the debt load.
Debt Ceiling and the 14th Amendment: What’s It All About?
By John SullivanCan the 14th Amendment of the United States be used to issue an executive order to raise the debt ceiling? The controversy continues to grow, with Rep. Tim Scott, R-S.C., threatening impeachment if the president moves forward.
July 04, 2011
Debt Limit 'Unconstitutional,' Say Democrats; 'Crazy Talk,' Says a RepublicanAs the clock ticks toward potential default, Congress, still sparring over whether a deal can be reached to increase the debt limit, is facing a new debate. Last week Democrats began talking about the possibility that the debt limit itself is unconstitutional.
July 01, 2011
China Stockpiled U.S. DebtThe U.S. Treasury changed the rules in 2009 concerning how it conducts its auctions, and the reason was the stockpiling of U.S. debt by China, according to a report that says that rule change substantially altered the configuration and bidding of the auctions.
June 30, 2011
When Are Insurance Policy Loans Taxable?Loans from life insurance policies are not usually treated as taxable income, but borrowers need to be careful.
June 27, 2011
PIMCO’s El-Erian: Europe at Risk Over Greek DebtMohamed El-Erian, head of PIMCO, says that a restructuring of Greek debt is inevitable and that failure to address the country's problems correctly could contaminate the rest of Europe.
June 24, 2011
For Greece, Europe Discusses New Type of BondsBanks and European officials are discussing the possibility of using a different type of bond as a means of rolling over Greek debt in the hope that such a instrument will avoid raters classifying the move as a default, according to senior European banking officials.
June 23, 2011
Is College a Waste of Money? ‘Short’ College Through Online Education StocksPIMCO provocateur and bond fund legend Bill Gross garnered much attention in his latest missive questioning the value of a college education in today’s tough economy: He is clearly onto something.
June 22, 2011
CBO: National Debt on Track to Nearly Double GDP in 25 YearsThe nation is on a course to a “sudden fiscal crisis” if policymakers, like Rep. Paul Ryan and President Barack Obama, fail to take measured steps to halt the growing debt burden, the CBO said Wednesday.