Jul 18, 2012 The Southern California city considers bankruptcy, after the departure or collapse of successive industries left it unable to pay for fire, police and other services.
Jul 11, 2012 The allegations against brokerage firm Peregrine Financial shed light on weak regulations of the futures industry. Analysts point to MF Global missing funds similarities.
Heidi N. Moore
Jul 11, 2012 Brokerage firm Peregrine Financial is liquidating amid allegations that it defrauded customers and lied to federal regulators.
Shereen Marisol Meraji
Jun 28, 2012 As the city of Stockton, Calif., considers declaring bankruptcy, a nearby town proves that there is life after going bankrupt.
Jun 27, 2012 Stockton's Vice Mayor Kathy Miller has lived in the California city for 15 years. She talks about what the bankruptcy will mean for residents.
Jun 11, 2012 The financial toll on families from the dreadful economy of recent years is enormous.
Jun 5, 2012 The city of Stockton, California, population 291,000 is trying to avoid becoming the biggest U.S. city to go bankrupt during this economic downturn.
Jun 5, 2012 With interest rates on some student loans about to double, the Obama administration joins with colleges to provide clearer guidance on the real price of school.
Jun 1, 2012 Tess is joined by senior producer Paddy Hirsch and credit expert Liz Weston to talk about credit utilization, bankruptcy amongst seniors, and the down side of buying real estate for your kids.
May 30, 2012 I returned to graduate school and accrued about $45,000 in federal student loans. The interest rate on these 10-year loans is 6 percent, with repayment beginning in 2013. I also have a 401(k) worth about $100,000 (roughly $60,000 of my contributions and $40,000 of employer contributions). I realize that an early 401(k) withdrawal would result in a 10 percent early-withdrawal penalty and that any withdrawal would be considered taxable income. This would effectively reduce the amount the 401(k) would need to earn in order to be the better investment. Still, it can't be much less than 6 percent, can it? Is there anything about my assumptions that are wrong, or is there anything I am overlooking? Derek, Chicago, IL