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Oct 4, 2013

Crisis shifts to looming debt trouble

WASHINGTON — Efforts to resolve the government shutdown were at a standstill Thursday as President Barack Obama and House Speaker John Boehner traded barbs, the Treasury warned of a dire risk to the economy ahead and work in the Capitol was briefly halted because of gunshots outside. U.S. Capitol police put the entire complex under […]

Jan 2, 2013

More dealing to be done in overall fiscal picture

Say a family is faced with a mortgage and credit card debt and just cannot continue to pay their bills. And the responsible action is taken — one member of the family, or more, takes on a part-time job. Instead of applying the extra paycheck to pay down the credit card debt, however, they decide […]

Mar 7, 2012

Loan modification scams highlighted

The ongoing foreclosure rescue scam crisis was highlighted this week during a press conference to identify top consumer complaints in New York. During this National Consumer Protection Week event, representatives offered guidance on avoiding financial scams, including loan modification scams. The Loan Modification Scam Alert Campaign educates homeowners about the warning signs that indicate a [&he[...]

Aug 16, 2011

Foreclosure rates down, for now

The latest local and national foreclosure figures provided by RealtyTrac Inc. indicate foreclosure rates are down, but these figures certainly don’t indicate the foreclosure crisis is ending. Foreclosure activity hit a 44-month low in July and was down nearly 35 percent ...

Dec 9, 2010

Lt. Gov. Ravitch: States facing fiscal ‘cliff’

ALBANY — Lt. Gov. Richard Ravitch is known for helping engineer historic rescues of governments in crisis. Now he says states in the U.S. are headed toward what he calls a fiscal “cliff” this summer when temporary federal stimulus money spent on education ...

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