November 14, 2012 Most lenders require borrowers to wait seven years before securing a new mortgage after losing a home to foreclosure. But in the wake of the housing crisis, millions of families have a recent foreclosure on their record — and some are finding ways to buy a new home in as few as three years.
November 13, 2012 The alternative minimum tax is looming over about 27 million more taxpayers this year. It's just one part of the so-called fiscal cliff — a big cluster of automatic spending cuts and tax hikes that will occur if Congress does not act. Those taxpayers could end up paying an average of $3,700 more without a fix.
November 11, 2012 From higher payroll taxes to automatic cuts in military spending, the looming budget crisis could drag the economy back into recession and create turmoil in the financial markets, economists say. To better understand what's at stake, have a look at some of the key phrases involved in the crisis.
November 7, 2012 Concerned that the White House and Congress won't be able to agree on how to avoid deep spending cuts and tax increases, many investors sold stocks.
November 4, 2012 When the presidential candidates speak about the "middle class," they're making a safe bet that you'll think they're talking to you. The middle class doesn't have an economic definition, and Americans of widely varying income levels identify with it. The class-based term seems to have lost its distinction.
November 2, 2012 The estimated price tag for Superstorm Sandy could run as high as $50 billion. But homeowners and businesses in the Northeast aren't just dealing with damage from Sandy; they're also dealing with insurance companies. And figuring out what's covered and what's not can get very complicated.
October 29, 2012 Like millions of other people, I stocked up on canned food this weekend. Why didn't grocery stores raise prices to take advantage of the pre-hurricane rush?
October 26, 2012 The economy is growing and consumer confidence is rising. But the data are too mixed to point to a robust economy. And it may be too late anyway to change voters' impressions.