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Americans owe more than $1 trillion in student loans — a total that surpasses credit card debt — but millions who are past due on payments are not taking advantage of a program designed to make their debt manageable. The federal income-based repayment­ program reduces an eligible borrower’s monthly
In the media
Meagan Pant
Representative Martha Roby has an op-ed in Politico today making the case for her “Working Families Flexibility Act.” The bill would allow businesses to pay their workers in comp time, rather than higher wages, for the overtime hours they work. Roby has argued that her bill would make it easier for
Blog
Brenden Timpe
The advocacy group Small Business Majority is out this morning with a new survey that bolsters efforts to raise the minimum wage. President Obama ignited the debate earlier this year when he proposed raising the hourly minimum wage from $7.25 to $9, arguing that it would help working families
Blog
Brenden Timpe
More than 77 percent of successful candidates in 2012 and all current statewide office holders were publicly financed, a report released Monday found.
In the media
Hartford Courant
A big reason that Citizens United was such a blow to equal democracy is that it enabled corporations to pump money into elections in new and anonymous ways. Even before that Supreme Court decision, though, campaign finance law already included a major loophole that allows for gigantic -- and
Blog
David Callahan
Judging by press reporting, the bogus tweet from the Associated Press Twitter account of White House bombs was primarily about the hacking of the news agency. Who did it, when was it Tweeted and retracted, where are the perpetrators from and how the hell did a major news organization fall for what
Blog
Wallace C. Turbeville
Wall Street has made it far more likely that you will spend at least some of your golden years eating Fancy Feast.
In the media
Mark Gongloff
As we struggle to fully recover from the Great Recession, it has become increasingly clear that the wealthy not only recovered much more quickly than the rest of the country, they managed to increase their wealth even though most households saw a net loss. A new Pew report finds that during the
Blog
J. Mijin Cha
NerdWallet underlies its findings with a report by public policy organization Demos from last summer, which added the further frightening fact that among folks investing in 401(k) plans, a full two-thirds had no idea they were paying anything at all for their 401(k) (which actually makes all of the
In the media
“I make $1,000 for the store in 30 minutes. But I don’t make $1,000 in a month working there.” The quote is a paraphrase of a Victoria’s Secret worker. She, like 500 other retail and fast food employees in and around the Chicago Loop, isn’t at work today. They’re all on strike. (Follow #strikefor15
Blog
Amy Traub