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  • U.S. job market set for more than just 'some' attention
    Now that U.S. Federal Reserve chief Janet Yellen has made it clear she's looking out for "some" improvement in the job market before voting for the first Fed interest rate rise in nearly a decade, so is everyone else.
  • More homeowners drowning in debt
    More than 7.4 million borrowers were still "seriously" underwater on their mortgages at the end of June, according to RealtyTrac.
  • Puerto Rico nears default as debt restructuring beckons
    Puerto Rico on Friday planned to cover a payment due on debt owed by its development bank, a source familiar with the matter said, but the U.S. territory may still be short of the funds needed to pay all of the obligations due on Saturday. The U.S. territory is expected to make a $169.6 million payment on Government Development Bank (GDB) debt, according to a source familiar with the situation. Puerto Rico Governor Alejandro Garcia Padilla shocked investors in June when he said the island's debt, totaling $72 billion, was unpayable and required restructuring.

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