- How Will Financial Reform Affect You?
Provisions of financial reform that may directly affect consumers like you.
- Summary of the New Financial Reform Law
The financial reform bill recently signed into law is an attempt to address some of the problems that contributed to the 2008 financial crisis. It is considered the most wide-reaching overhaul of the U.S. financial system since the aftermath of the Great Depression.
- The Debt Ceiling and the Road Ahead
Debt is the buzzword of the moment, and it takes an act of Congress to handle the nation’s debt challenges. Not so for household debt, but that by no means makes it easier to manage. The Budget Control Act of 2011, in addition to gradually increasing the debt ceiling, is intended to bring down the federal budget deficit by an estimated $2.1 trillion over the next 10 years, focusing on spending cuts rather than increased revenues. For your personal financial understanding, it is important to understand how legislation like this may affect your finances. Here are some of the key provisions of the debt ceiling legislation.