FED CUTS BOND PURCHASES: The Federal Reserve voted to reduce the monthly stimulus program by another $10 billion. Read more
SOTU AND CONGRESS: A higher minimum wage, immigration reform and public-private partnerships to boost job growth. If Tuesday’s State of the Union address to Congress has a familiar ring to it, it’s because the list of initiatives President Obama proposed is little changed from last year’s speech. And without Congressional support behind theses central themes, his economic agenda will continue to tread water for another year. Read more
OBAMA OVERLOOKS THE NEXT FINANCIAL CRISIS: THE STUDENT DEBT BUBBLE: Young adults unfamiliar with the consequences of overleveraging on loan debt and on credit card spending have been at a great disadvantage. They are less able to navigate the complex maze of financial aid and loan options, further adding to their money troubles even after they leave school. With student debt now topping $1.1 trillion and the average student saddled with more than $26,000 in debt upon graduation, this is a national issue that needs attention. Read more
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