Debt Market

It's not unusual to lose your balance while standing on a peak. And so it goes with the stock market. Investors suffered some fear of heights Monday and sent the Dow Jones industrial average tumbling. It was the worst day of this year, with a triple-...

A major luxury apartment complex meant to be a catalyst for Orland Park's new urban-inspired downtown area is only a few months away from opening its doors to residents. The developer of Ninty7Fifty On the Park is on schedule to finish 80 of its 295...

WASHINGTON (AP) — With tacit support from President Barack Obama, House Republicans were moving Wednesday to try to defuse a potential debt crisis with legislation to prevent an economy-rattling fiscal crisis for at least four months. The GOP...

WASHINGTON -- President Barack Hussein Obama's second inauguration was every bit as historic as his first -- not because it said so much about the nation's long, bitter, unfinished struggle with issues of race, as was the case four years ago, but...

WILLIAMSBURG, Va. – Rep. Paul Ryan, re-emerging as a leader for House Republicans on the budget, said Thursday that the party was open to a short-term federal debt limit increase to prevent another politically damaging fiscal crisis and to kick-...

Does your debt nag at you and make you miserable? A researcher has now put a number to the emotions. He has quantified just how much debt drags some people down. Lawrence Berger, a University of Wisconsin at Madison associate professor of social work,...

You know all those warnings about how America's addiction to deficit spending is going to make us look like Greece? Stop worrying. The bigger concern should be that America will look like Argentina. That could happen, theoretically, if the...

WASHINGTON — A failure by Congress to raise the debt limit "in a timely manner" could lead to a downgrade of the nation's AAA credit rating, Fitch Ratings said Tuesday. Republicans want major government spending cuts in exchange for a debt-limit...

Dear Liz: I have a first mortgage with a current balance of $32,000 at 5.625% interest. This will be paid off in about 24 months, based on regular payments plus $200 a month extra I am paying on principal. I have a home equity line of credit with a...

In the early 1970s, two rookie investigative reporters at the Washington Post, Bob Woodward and Carl Bernstein, burst onto the public stage with daily revelations about a peculiar burglary at the Watergate Hotel. In time, their discoveries brought down...

WASHINGTON (AP) — Efforts to save the nation from going over a year-end "fiscal cliff" were in disarray as lawmakers fled the Capitol for their Christmas break. "God only knows" how a deal can be reached now, House Speaker John Boehner declared....

Tax-conscious Tinley Park residents can find some consolation in the village's 2012 property tax levy ordinance scheduled for adoption Dec. 18. At slightly less than $19.4 million, the village tax levy — the total amount of property taxes the...