Federal bankruptcy Judge Mary D. France has ruled that Pennsylvania's capital city of Harrisburg may not seek bankruptcy protection, calling such a filing illegal.
Stocks added to their losses Wednesday as ongoing worries over debt issues in the U.S. and euro zone in addition to a handful of tepid economic news weighed on investor sentiment.
J.P. Morgan will soon announce it has bought a 4.7 percent stake in the London Metal Exchange (LME) from defunct U.S. brokerage MF Global, two people familiar with the situation said on Tuesday, making it the exchange's largest
President Barack Obama will challenge the U.S. Congress to preserve an expiring payroll tax cut on Tuesday as he travels to New Hampshire to seize the initiative in the wake of a collapsed effort to reduce the nation's budget deficit.
The powers that be HATE gold. Money Power is derived from the central bank printing press. The idea that people on their own can go out and dig up money out of the earth means that the people STILL have the opportunity to better themselves independen
I am a lucky, former MF Global client. Unfortunately, I’m not a multi-billionaire who got the memo. I had a modest account that was supplying me with a modest livelihood, when suddenly one Monday afternoon, my account was frozen, my livelihood was es
U.S. regulators have informed Bank of America's (BAC.N) board that the company could face public enforcement action if they are not satisfied with recent steps taken to strengthen the bank, the Wall Street Journal said, citing people familiar with th
Following our coverage last week of the fallout from the collapse of MF Global, Gerald Celente appeared on the Alex Jones Show numerous times to warn listeners that the only way to really ensure their money was protected was to withdraw it all from b
Because the Joint Select Committee on Deficit Reduction couldn't come to an agreement, $1.2 trillion in automatic spending cuts are on track to begin in 2013, with roughly half coming from the Pentagon.
The trustee liquidating MF Global Holdings Ltd's broker-dealer unit said on Monday that the apparent "shortfall" of customer funds may be larger than the futures brokerage had reported prior to its bankruptcy.
Wealthy Americans may appear to the masses as a unified group, but there is divergence in the attitudes of the rich toward holiday spending this year — which means that the key to how the holiday season unfolds may rest in the hands of the wealthiest
Wall Street suffered through another brutal selloff Monday, with investors heading for the exits ahead of Thanksgiving as both the U.S. and Europe struggled to deal with their burgeoning debt crises.
The United States is in a morass of political indecision that is hampering our ability to let the right idea bubble to the surface.
We were one of the earliest to raise concerns about the future impact of the maturing TLGP debt that was 'given' to the bank-holding-companies in the middle of the crisis three years ago.
It's real money, especially since "Bank of America Deathwatch" financial pundits have multiplied on the web and it has become a bit of a geek guessing game. When will BoA finally tank?
The Committee merely needs to cut about $120 billion annually from the federal budget over the next 10 years, but even this paltry amount produced hand-wringing and hysteria on Capitol Hill. And this is ONLY cutting PROPOSED increases.
Failure by Congress' debt-cutting supercommittee to recommend $1.2 trillion in savings is supposed to automatically trigger spending cuts in the same amount but legislators who concocted that budgetary booby trap will spend 2012 defusing it.
Fears about out-of-control government debt on both sides of the Atlantic swept across financial markets again Monday, knocking stocks sharply lower and pushing up prices of bonds deemed to be safe havens. As fears about Italy and other debt-strapp
We are beginning to understand that our money is created, not by the government, but by banks. Many authorities have confirmed this, including the Federal Reserve itself. The only money the government creates today are coins, which compose less tha
"There is definitely going to be another financial crisis around the corner," says hedge fund legend Mark Mobius, "because we haven't solved any of the things that caused the previous crisis."
NEW YORK (Reuters) - Three weeks after MF Global's collapse, furious former customers are still fighting for access to billions of dollars as they question why as much as two-thirds of their money is still frozen.
Down but not quite out, these Americans form a diverse group sometimes called “near poor” and sometimes simply overlooked — and a new count suggests they are far more numerous than previously understood.
A supercommittee failure would trigger at least $500 billion in cuts to national security spending, but there is no consensus on just where they will be made.
If you still have money in the stock market, please read this letter:
It would take 18 years if the government were to confiscate all income from all civilian workers until federal indebtedness were paid off. Of course there would be mass starvation long before that.
Let's first dispense with the underlying claim: There's something sinister, evil, or simply unlawful about protesting -- exercising First Amendment Rights -- if the message goes on for more than some period of time or if anyone is inconvenienced.
With Detroit Mayor Dave Bing preparing to explain the city's fiscal crisis tonight in a rare televised address, Council President Pro Tem Gary Brown says the situation is even worse than anyone has let on. Bing is expected to discuss a confidentia
Whatever its future, it's clear that so far, the Occupiers haven't changed many minds on Wall Street over blame for the country's hard times. The cognitive disconnect between the protesters and the captains of finance is alive and well.
The United States is drowning in a sea of red ink from coast to coast and most Americans have absolutely no idea what is about to happen.
Did you know that an average of 23 manufacturing facilities were shut down every single day in the United States last year?