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The Senate passed a bill today to overhaul the way credit card companies work and how they interact with their customers. The measure passed the Senate yesterday at a 90-5 vote. It is expected to quickly pass through the House of Representatives and be on …

News today from the Bush Administration says that they may pass the auto bailout on Wednesday. Like the proposal from the U.S. House of Representatives, the money will be coming from the banking bailout funds.
Treasury Secretary, Henry Paulson, said that the government would not just …

After the House of Representatives shot down the $700 billion bail out plan yesterday, the FDIC has asked congress to temporarily raise insured deposits from $100,000 to $250,000.
I can honestly say I don’t know anyone with over $100,000 in the bank, but the measure is …