Postal Service may default on debt obligation

Postal Service may default on its responsibilites

Medicaid bankrupting the states, the nation

A new report shows that medicaid spending is unsustainable. Unfortunately an article written in 1993 pointed out the same problem that medicaid growth was unsustainable, maybe our politicians will wait until the money runs out before anything is done.

Why China needs the US

Fareed Zakaria explains why China needs the US

Could Obama be right about US debt down grade?

Is it possible that Obama could be right about US debt down grade by S&P?

Fareed Zakaria: We downgraded ourselves

With our polarization leading to paralysis, we have caused the rest of the world to lose faith in our political system

When did the debt grow and who owns it?

Fareed Zakaria on the US and its debt ceiling debate

Fareed Zakaria's take on the US and the debt ceiling debate

Greece Debt Downgraded by Moody's

Greek debt downgraded by Moody's Again

Who Owns America's Debt

Who Own's America's $14 Trillion Debt

Obama blames Republicans on Debt Ceiling

Obama blames Republicans for lack of deal on debt ceiling

Will Congress take aim at 401(k) to close debt ceiling?

Will congress take aim at 401(k) to close debt ceiling?

Liberals see opportunity for defense budget cuts

With our nation dripping in red ink, some liberals think that now is a good time to trim our incredibly large defense budget. Some wonder whether or not it is wise to spend as much on defense as the rest of the world combined.

Coburn offers $9 Trillion reduction plan

Senator Tom Coburn offers $9 Trillion reduction plan over the next ten years. The plan includes a $1 Trillion cut in defense and incrementally raising the retirement age for social security.

Moody's suggests US eliminate debt ceiling

Moody's suggests US eliminate debt ceiling

Obama seeks end to debt ceiling debate

Obama wants a deal, seeks to end debt ceiling debate.

Go Big for Debt Ceiling

Go Big for Debt Ceiling, Don't punt on the big issues of entitlements.

Boehner abandons effort to reach comprehensive debt-reduction deal

Boehner abandons effort to reach comprehensive debt-reduction deal

Minnesota state government shut down

Minnesotans are angry at the state government shut down. Meanwhile the minnesota zoo has reopened with its own money.

Credit Default Swaps

Salman Khan, former hedge fund manager, explains what credit default swaps are in a two part video series. Each video is approximately 10 minutes long. Part 1 and part 2 can be found here.

Number that's killing the economy

The number that is killing our economy: our public and private debt is 350% of the national GDP.