In 1932, John Maynard Keynes ignited a debate among economists and policy makers that still burns to this day. In a letter to the Times of London, Keynes proposed using federal deficit spending to reduce the length and severity of the Great Depression. Is that the best approach to tackle today's economic challenges?
This is the first drop in spending from the previous year since the U.S. Labor Bureau began publishing this data in 1984.
October 11, 2010
Mortgage interest payments and charges fell from $3,890 in 2007 to $3,594 in 2009, evidence of the higher than normal mortgage default rate, falling house prices, lower rates of homeownership, and declining mortgage interest rates over the period.
Persistent deficits and mounting debt could have negative economic consequences for the U.S.
August 11, 2010
Over the past few years, U.S. government debt held by the public has grown rapidly—to the point that, compared with the total output of the economy, it is now higher than it has ever been except during the period around World War II.
The CFPB released the results of its survey on debt collection Thursday, prior to its discussion on the same topic. The survey, which consisted of 53 questions about first- and third-party debt collection, does not specifically identify credit unions.
The CFPB will discuss debt collection at a public event Thursday, scheduled to begin at 11 a.m. (ET). The event will feature remarks from CFPB Director Richard Cordray and will be streamed live online.