Bloomberg TV interviewed John Chambers, managing director of sovereign ratings at S&P, on the consequences of a US default. While he made it clear that the mere act of failing to raise the debt ceiling would not automatically cause a rating change, he made it clear that if any debt payment were not made on time, S&P would change the Treasury’s rating from AAA to D. Read the full article

As the Greek debt tragedy plays itself out, it’s become apparent that problems in Europe have the potential to nick some U.S. money market funds. Read the full article

Everyone understands, at some level, the need to save for long-term goals. Buying a house, preparing for retirement, or sending a child to college are goals that we know we have to save for. But how much difference does it make whether we start saving now versus saving later? Read the full article

The IRS announced yesterday that taxpayers who were victims of storms in parts of Vermont on April 23 and the June 1 tornadoes in certain counties in Massachusetts are granted additional time to make some tax payments. Read the full article

Joseph Quinlan, chief market strategist for US Trust, has written an insightful book on the shifts taking place in the world economy. The book's subtitle captures its scope: The retreat of globalization, the end of American dominance, and what we can do about it. Read the full article

The Washington Post reported this week that rules being drafted under the Dodd-Frank Wall Street Reform and Consumer Protection Act will likely have the effect of making it tougher for borrowers to qualify for the lowest mortgage rates available. Read the full article

In testimony to the Senate Appropriations committee in March, the Social Security Administration announced that it will not send out annual benefit statements for the rest of this fiscal year. Read the full article

With money market accounts paying essentially 0%, what's a saver to do? Read the full article

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