Debt

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U.S. Auto Loans Soar To Highest In 8 years

U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers.

08/18/2014

(credit: Facebook)

Redlands Family Owes $200K In Student Loans After Daughter’s Death

When 27-year-old Lisa Mason lost her battle with liver cancer in 2009, her three young children became the responsibility of her parents — along with a tremendous student loan debt.

07/29/2014

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Lawmakers To Vote On $108B Spending Plan

Lawmakers are facing a Sunday deadline to pass a $108 billion spending plan that will meet Gov. Jerry Brown’s demands for a rainy day fund and paying down debt while allocating some of the surplus to programs benefiting lower-income Californians.

06/15/2014

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Analyst Says Calif. Faces $340B In Debt

California faces $340 billion in debts, or more than $8,500 for each of its 38 million residents, the nonpartisan Legislative Analyst’s Office said Wednesday in recommending that the state set priorities for paying down its key long-term liabilities.

05/07/2014

Gov. Jerry Brown (Photo credit: Justin Sullivan/Getty Images)

Analyst Calls California Budget Proposal ‘Prudent’

The Legislative Analyst’s Office says Gov. Jerry Brown is on the right track with his 2014-15 budget proposal by focusing on paying down the state’s massive debts.

01/13/2014

(credit: CBS)

Gov. Brown Plans To Tackle California’s ‘Wall Of Debt’ As Its Budget Surges To Record High

Gov. Jerry Brown Thursday addressed details of the state budget for the new fiscal year, which provides for new spending on schools, health care, and social services, among other things.

CBS2 / KCAL9–01/09/2014

Gov. Jerry Brown (Photo credit: Justin Sullivan/Getty Images)

Report: Brown To Propose Paying Down Debt

Gov. Jerry Brown’s budget for the coming fiscal year calls for an 8.5 percent increase in general fund spending coupled with a dedication to pay down the state’s debt by more than $11 billion,

CBS2 / KCAL9–01/08/2014

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Attorney: AEG Trying To Smear Michael Jackson As Debt-Ridden, Irresponsible

Attorneys for Michael Jackson’s family accused concert promoter AEG of trying to smear the singer as debt-ridden and irresponsible through testimony from an expert financial witness.

CBS Los Angeles–08/13/2013

(credit: Phil Klein-Pool/Getty Images)

Financial Expert: Michael Jackson Was ‘Tapped Out’

For all of his fame and wealth, Michael Jackson was mired in debt and spending millions more than he was earning each year, a financial expert testified Monday.

CBS Los Angeles–08/12/2013

(credit: CBS)

Ex-Assemblyman, Probation Official Draws 1 Day In Jail In Fraud Case

A former California assemblyman and probation official who concocted an identity theft scheme to avoid paying his debts was sentenced Monday to a day in jail and a year of home confinement.

CBS2 / KCAL9–07/22/2013

(credit: Phil Klein-Pool/Getty Images)

AEG Attacks Projection Of $1B Earnings For Jackson

An expert who projected Michael Jackson could have earned more than $1 billion on his comeback concerts testified Tuesday that his analysis didn’t include a breakdown of the singer’s yearly earnings over his lifetime and projected a longer concert tour than the superstar had ever performed.

CBS Los Angeles–07/16/2013

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What To Do With Your Tax Refund

Most tax filers are getting a refund after they file their 2012 return. With the average refund running about $3,000, a lot of people will be thinking about what to do with the extra cash.

03/18/2013

U.S. Speaker of the House Rep. John Boehner (R-OH) (Photo by Alex Wong/Getty Images)

Opinion: The Fourteenth Amendment Solution

Speaker John Boehner believes he holds a strong hand in fiscal cliff and debt limit talks. He is, once again, taking the global economy hostage and playing politics with the U.S. debt limit.

11/29/2012

(credit: CBS)

How To Make Sure Your Holiday Spending Doesn’t Get Out Of Hand

The holidays are a colorful time.

11/21/2012

Mitt Romney (Photo by Steve Pope/Getty Images)

Opinion: With Economics Intertwined With Foreign Affairs Romney Will Win The Final Presidential Debate

Romney’s ideas – if presented fresh and enthusiastically hopeful for America’s future – can be the final bump he needs to win this election.

10/22/2012

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