Huge windfalls, like Wednesday's $580 million Powerball lottery drawing, get all the attention, but every day Americans get smaller surges of money – an annual bonus, for example, or a tax refund. You might be tempted to use it to pay off your credit card balances. Not so fast. There might be better ways to use it to improve your overall financial position. Here are five questions to ask yourself before you decide what to do with that windfall:
Rather than stoking middle-class fears about the 'fiscal cliff,' the White House ought to be reassuring most Americans they can survive the fall, Reich writes.
The political and economic ramifications are too big for Washington to let the large tax increases and spending cuts take effect. But this doesn't necessarily mean lawmakers will craft a decisive solution to the nation's fiscal woes.
Republican congressional leaders and President Obama sharply disagree over how to deal with the impending “fiscal cliff.” But a successful plan shouldn’t be that hard to put in place. Here are six ways Washington can avoid the “fiscal cliff.”