$4.8 trillion - Interest on U.S. debt: Unless lawmakers make big changes, the interest Americans will have to pay to keep the country running over the next decade will reach unheard of levels.
1 million jobless face benefits loss in January: Extended benefits will expire unless Congress acts. Recent extension only covers workers through Dec. 31.
Your congressman's padded retirement plan: Opinion polls show that Americans today have a special contempt for Congress. They might be even more upset if they knew what kind of retirement deal congressmen have given themselves at the taxpayers' expense
Bank Bonuses Surge; While many Americans will count themselves lucky to be drawing any kind of income at all this year, bonus payments will rise by 40 percent for most bankers, according to a recent survey conducted by New York-based Options Group.
Restore law and split up banks: Ten years ago, the Republican-controlled Congress — egged on by that champion deregulator, former Texas Sen. Phil Gramm — passed legislation that arguably did more to plunge the United States into our crippling great recession than anything else: It repealed the Great Depression era’s Glass-Steagall Act.
Geithner, under fire, defends AIG bailout: - U.S. Treasury Secretary Timothy Geithner defended on Thursday the costly bailout of AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.
India’s billionaires outstrip US counterparts: The combined fortunes of India’s 100 richest have reached $276bn, well outstripping their Chinese peers’ $170bn, according to data compiled by Forbes magazine. Though the net worth of the 100 richest Americans has fallen by 18 per cent, they still amounted to the wealthiest national group with $775bn.
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