Illinois could be 1st state with ‘junk’ credit due to budget
Illinois is on track to become the first U.S. state to have its credit rating downgraded to "junk" status, which would deepen its multibillion-dollar deficit and cost taxpayers more for years to come.
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Can Puerto Rico climb back from bankruptcy and shrinking population?
Puerto Rico essentially filed for bankruptcy this week in order to restructure more than $120 billion in debt and pension obligations. With the economy mired in a slump, the government is reducing public services, pensions are likely to be cut…
Column: By saddling students with debt, we’re depriving them of self-reliance
The burden of college debt will hang on our current students for years, but depriving them of the sense of pride and dignity they could develop by advancing their own lives could last a lifetime.
This nonprofit helps put families on a path out of poverty
Sherry Riva thinks the key to lifting people out of poverty is helping them build savings and assets, such as a home or business.
Help for debt-stricken Puerto Rico may be just weeks away as a strong House vote bolstered prospects in the Senate for a rescue package to ease the U.S. territory's crippling $70 billion debt.
A growing number of students need to borrow — and borrow heavily — to finance their college educations. And giving them more information about their debt may help change their borrowing habits.
For years, the Puerto Rican economy has been in decline, and the U.S. territory is now on the brink of disaster, with $72 billion of overall debt and an unemployment rate twice that of the mainland. As the island’s government…
More millennials are turning to payday loans and pawn shops for much needed cash -- moves that can provide immediate relief, but often result in deeper debt.
It’s expensive to be poor. Unable to maintain a minimum balance or provide the necessary ID to open a bank account, many low-income Americans rely on fringe financial services like check cashing stores and payday lenders, which charge interest rates…
