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Yet Another Crisis

Every day in Washington, D.C., seems to bring new crises to defuse. One of the next ones on the list is the upcoming need to raise the debt ceiling before the government runs out of money to pay the nation's bills. Without action, the government is anticipated to run out of money in early October.

Once again, one group is asking for clean legislation to raise the debt ceiling, while others threaten to use the debt ceiling bill as leverage to promote other legislative goals. The novel twist this time is that Republicans are fighting other Republicans.

At first glance, this may seem like more partisan Washington nonsense that doesn't affect you personally. The partisan and nonsense part may be correct, depending on your political leanings – but the effects of a failure to raise the debt ceiling can lead all the way to your pocketbook.


Who Gets Left Out?

Keep in mind that raising the debt ceiling does not a...

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It's bad enough when your day is derailed by an unexpected trip to the doctor, but it's even worse when you can't afford to pay the bill. Unfortunately, too many Americans find themselves in this position, according to a recent survey conducted by Ipsos for the healthcare transparency group Amino.

The survey found that 37% of Americans could not pay a medical bill of $100 or more without going into debt, and 19% of respondents could not pay anything at all towards a medical bill without incurring debt. In addition, 55% of respondents had received a medical bill that they could not pay with available funds. If you want to reduce your interest payments and lower your debt, try the free Debt Optimizer by MoneyTips.

The current insurance situation does not help...

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MORRIS—The Morris Town Council received word this week that their offer in compromise to the IRS has been accepted, according to a letter read…

The number of older Americans taking on student debt on behalf of their children and grandchildren has quadrupled in the past decade, with consumers 60 and older now holding $66.7 billion in student loan debt, according to a new report by the Consumer Financial Protection Bureau.