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Financial News Made Easy

The U.S. dollar hit $1.51 to the euro for the first time on record, and fell to historic lows against a basket of currencies, as weak data suggest more interest rate cuts. [video]

Armed with even a basic knowledge of foreclosure terminology, your options and possible pitfalls you will be in a better position to deal with your lender.

As the US housing crisis deepens, major lenders say they will help borrowers avoid foreclosure, but nonprofit groups and others say their actions are not living up to their promises.

Salih Neftci suggests how the United States can get out of its current credit crisis. [video]

Do you make one or more of the 5 biggest taxpayer mistakes? [video]

Just a few decades ago, owing more money than you had in your bank account was the exception, not the rule. Yet, in the last 10 years, consumer debt has doubled and, for the first time, Americans are spending more than they’re saving — or making. Award-winning former ABC News and CNN producer Danny Schechter investigates America’s mounting debt crisis in his latest hard-hitting expose, In Debt We Trust.

Countrywide Financial says it will expand programs to help borrowers manage their mortgage payments regardless of the type of subprime loan they have or whether they have already fallen behind on payments.

Many consumers habitually spend more than they have. Meanwhile, fewer people are paying their credit cards bills on time. The percentage of people delinquent on their credit cards is the highest it’s been in three years, according to one report. Here’s how to find out if your credit card spending habits are out of control.

Borrowers with good credit are now facing financial difficulties as fallout from the mortgage crisis spreads. [video]

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