by Ron Paul

The debt ceiling debate is providing plenty of opportunity for political theater in Washington. Proponents of raising the debt ceiling are throwing around the usual scare tactics and misinformation in order to intimidate…Read More

By CALVIN WOODWARD – Associated Press,MARTIN CRUTSINGER – Associated Press | AP

WASHINGTON (AP) — The debt crisis has brought the government to the “kitchen table” to do something that hard-pressed families do routinely, which is tear their hair out over how to pay the bills.

Pawn the family jewelry? Emptying gold reserves at Fort Knox and other repositories could raise a very handy $400 billion.

Sell the property that has been in the…Read More

By Justin Fishel

With more sailors staying in the military amid a slumping economic recovery, the U.S. Navy is taking the unprecedented step of firing low-ranking petty officers to help rein in spending.

The Navy plans to let go of 3,000 young sailors after economic uncertainty put the service in the unusual…Read More

SHELL GAMES: A Reuters Investigation

Articles in this series are exploring the extent and impact of corporate secrecy in the United States.

CHEYENNE/ATLANTA (Reuters) – The secretive business havens of Cyprus and the Cayman Islands face a potent rival: Cheyenne, Wyoming.

At a single address in this sleepy city of 60,000 people, more than 2,000 companies are registered. The building, 2710 Thomes Avenue, isn’t a shimmering skyscraper…Read More

by Rex Nutting

A lot of people say they are deeply puzzled by the slow recovery in the U.S. economy. They look at the 9+% unemployment rate and the mediocre growth in national output, and they scratch their heads and wonder: Where is the boom that inevitably…Read More

Jacob Adelman, Associated Press

LOS ANGELES (AP) — It seemed Maria Campusano’s financial problems were behind her when the mortgage on her Victorian home in a Massachusetts mill town was chopped by hundreds of dollars a month.

She soon learned that her troubles had just begun.

Weeks after making her first payment under the new rate, the school district staffer began…Read More

By Zachary Roth

A jeweler’s heirs are fighting the United States government for the right to keep a batch of rare and valuable “Double Eagle” $20 coins that date back to the Franklin Roosevelt administration. It’s just the latest coin controversy to make headlines.

Philadelphian Joan Langbord and her sons say they found the 10 coins in 2003 in a bank deposit…Read More

Jacob Adelman, Associated Press

LOS ANGELES (AP) — It seemed Maria Campusano’s financial problems were behind her when the mortgage on her Victorian home in a Massachusetts mill town was chopped by hundreds of dollars a month.

She soon learned that her troubles had just begun.

Weeks after making her first payment under the new rate, the school district staffer began receiving…Read More