CBN.com - Finance

Greek Premier Defends Bailout Deal on Eve of Vote

Sun, 12 Feb 2012 00:00:00 GMT

Both leaders told their respective parliamentary groups that there is no real alternative to voting for the legislation, except pushing Greece to bankruptcy.

States, Banks Agree to Foreclosure Settlement

Sun, 12 Feb 2012 00:00:00 GMT

Five of the nation's biggest mortgage lenders will pay $25 billion to settle charges over foreclosure abuses that occurred after the housing bubble burst.

Number of Americans on the Dole Spikes

Sun, 12 Feb 2012 00:00:00 GMT

Sixty million Americans now get some form of federal aid, an all-time high, according to the Heritage Foundation.

Jobs Gap Between Young, Old Wider than Ever

Sun, 12 Feb 2012 00:00:00 GMT

Young adults have been hardest hit by the tight job market, according to a new study released by the Pew Research Center.

Ridiculous Gov't. Spending List Grows Longer

Sun, 12 Feb 2012 00:00:00 GMT

A recent report lists a hundred wasteful government spending examples from just last year, growing proof of Washington's outrageous culture of spending.

Unemployment Drops to Lowest Level in 3 Years

Sun, 12 Feb 2012 00:00:00 GMT

The job market continued to improve in January, with the unemployment rate dropping to 8.3 percent -- America's lowest level in three years

'Golden State' Could Be in Red by March

Sun, 12 Feb 2012 00:00:00 GMT

California State Controller John Chiang said the Golden State could run out of money by the beginning of March.

Microfinancing the Future, One Loan at a Time

Sun, 12 Feb 2012 00:00:00 GMT

An estimated 22,000 children die each day in developing countries. However, some organizations are tackling this problem with a concept called microfinance.

EU Leaders Agree to Curb Excess Spending

Sun, 12 Feb 2012 00:00:00 GMT

EU leaders signed a fiscal treaty Monday designed to end the bloc's crippling debt crisis by capping deficits and government debt.

EU Leaders Work to Avoid Second Recession

Sun, 12 Feb 2012 00:00:00 GMT

European Union leaders gathered in Brussels on Monday to discuss the best ways to grow Europe's struggling economy.

Soros: Fall of Euro Would Doom Global Economy

Sun, 12 Feb 2012 00:00:00 GMT

Billionaire George Soros is predicting riots in the U.S. and a possible global economic collapse if more isn't done to safeguard the euro.

Even in a Weak Economy, Coffee Sales Strong

Sun, 12 Feb 2012 00:00:00 GMT

The weak economy isn't stopping American workers from buying one of their favorite beverages -- coffee.

Senate Passes Obama's $1.2T Debt Request

Sun, 12 Feb 2012 00:00:00 GMT

The Democratically controlled U.S. Senate sided with President Obama Thursday and raised the nation's debt level again by another $1.2 trillion.

Monster.com to Cut 400 Jobs

Sun, 12 Feb 2012 00:00:00 GMT

Officials at Monster.com, one of the well-known sites meant to help people find jobs, said they now need to let go of some its own workers.

Fed Says Interest Rates to Remain Low

Sun, 12 Feb 2012 00:00:00 GMT

Federal Reserve Chairman Ben Bernanke said interest rates will stay low for at least another two to three years as the economy recovers.

Analysts Predict Housing Market Rebound in 2012

Sun, 12 Feb 2012 00:00:00 GMT

Economists say the combination of lower home prices and historically low interest rates could turn the real estate market around.

Euro Leaders Hammer Out Greek Debt Deal

Sun, 12 Feb 2012 00:00:00 GMT

Negotiators say they've made progress toward a deal. However, important details still have to be worked out.

Obama Reveals Plans to Boost US Tourism

Sun, 12 Feb 2012 00:00:00 GMT

President Barack Obama picked the self-proclaimed "happiest place on earth" to announce his plans to boost tourism in the United States.

Report: Credit Card Debt Down 11 Pct in 2011

Sun, 12 Feb 2012 00:00:00 GMT

Consumers cut their credit card debt by 11 percent last year, according to a new report by credit tracking and financial education website CreditKarma.com.

Athens Sees Protests as Debt Inspectors Return

Sun, 12 Feb 2012 00:00:00 GMT

More strikes and demonstrations were held in Athens as debt inspectors returned to see if financial reforms were strong enough for another bailout.

Silicon Valley 'Blacks Out' over Anti-Piracy Bill

Sun, 12 Feb 2012 00:00:00 GMT

Wikipedia, along with several other major websites, will be inaccessible for 24 hours Wednesday in protest of anti-piracy legislation being considered in Congress.

Eurozone Downgrade Barely Fazes Markets

Sun, 12 Feb 2012 00:00:00 GMT

Standard and Poors' downgrade of nine of the 17 eurozone countries had little effect on European stocks Monday.

Focus on the Family Helps Families Live Debt Free

Sun, 12 Feb 2012 00:00:00 GMT

The Colorado Springs, Colo.-based Focus on the Family ministry is broadening its focus to help families with financial problems.

Retailers Saw Record Sales in 2011

Sun, 12 Feb 2012 00:00:00 GMT

Retail sales reached a record level last year, despite sales barely rising in December.

Unemployment Apps Jump after Holiday Season

Sun, 12 Feb 2012 00:00:00 GMT

There was a jump in applications for weekly unemployment benefits last week, rising by 24,000 to a seasonally adjusted 399,000.