Fiscal Cliff - Most Recent

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Alternate inflation index could save billions

Dec 13, 2012
To avoid the fiscal cliff, some want to change the Consumer Price Index to reflect lower real inflation. That would cut Social Security payments.
Posted In: CPI, inflation, fiscal cliff

Corporate tax reform could help avoid fiscal cliff

Dec 12, 2012
President Obama and House speaker John Boehner are still tussling over the details of any fiscal cliff deal. But the Wall Street Journal reports that, now corporate tax rates have entered the discussion.
Posted In: fiscal cliff, corporate tax, Washington D.C.

Key House Democrat talks fiscal cliff

Dec 10, 2012
Lawmakers in Washington continue to work towards a deal on the fiscal cliff before the end of the year. Rep. Chris Van Hollen, of Maryland, says House Democrats' opinions shouldn't be ignored.
Posted In: fiscal cliff

Senator Kent Conrad on the fiscal cliff

Dec 10, 2012
The chair of the Senate Budget Committee explains why he thinks we'll reach a fiscal cliff deal before the end of 2012.
Posted In: fiscal cliff, Washington D.C.

Obama adviser says jobs news helps color in hopeful picture

Dec 7, 2012
Alan Krueger, chairman of President Obama's Council Of Economic Advisers, shares his thoughts on what the latest jobs report says about the state of the U.S. economic recovery.
Posted In: Unemployment, jobs report

Unemployment falls to 7.7%, 146,000 jobs added

Dec 7, 2012
The Bureau of Labor Statistics is reporting that the economy added 146,000 jobs last month and the unemployment rate fell to 7.7 percent.
Posted In: jobs report, Unemployment

Senator Debbie Stabenow on fiscal cliff burden and next steps

Dec 7, 2012
Michigan Senator Debbie Stabenow (D) calls for the extension of middle class tax cuts, compromise, and Republican budget specifics to avoid the fiscal cliff.
Posted In: fiscal cliff

Advice for investors ahead of the fiscal cliff

Dec 7, 2012
A lot of investors are on edge about what's going to happen with the fiscal cliff. Economics correspondent Chris Farrell says take a deep breath and don't make any rash decisions.
Posted In: fiscal cliff, Investing

Test yourself in the Fiscal Cliff Time Machine quiz

Dec 6, 2012
We've noticed that what Washington is saying this year about the fiscal cliff, sounds a whole lot like what people were saying last year about the debt limit. So can you guess which quote is from this year?
Posted In: fiscal cliff

Sen. Baucus says 'no choice' but to avoid the fiscal cliff

Dec 6, 2012
Sen. Max Baucus chairs the Senate Finance Committee, and he says Congress will come to some kind of deal on the fiscal cliff -- though more negotiations could happen after the end of the year.
Posted In: Max Baucus, fiscal cliff

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About this collection

A near billion dollar company, World Finance is the largest of an often-overlooked breed of high-cost lender: installment lenders. Ranging from a few hundred to a few thousand dollars, the loans typically last anywhere from six months to three years. The industry boasts millions of customers and over 4,000 locations across at least 19 states, mostly in the south and Midwest, and touts the product as a consumer-friendly alternative to payday loans. World and its competitors gouge borrowers with unnecessary insurance products and persuade their customers to renew their loans over and over again, creating a cycle of debt that often grinds on for years.