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On the third anniversary of the Credit Card Accountability Responsibility and Disclosure Act being signed into law, the average debt has declined, but many Americans are still using credit cards as a way to cover basic living expenses, according to a national survey from the policy center Demos.

A national research firm says a recent survey of low and middle income consumers indicates the 2009 Credit Card Accountability Responsibility and Disclosure Act is helping consumers reduce their credit card debt load.

Public transit in the U.S. is a classic chicken and egg situation: outside of a few metropolitan areas, transit networks are not dense enough to be useful so few people take public transit. If few people take public transit, there is not enough demand or political will to expand transit networks

One big question at the center of the private equity debate is whether firms like Bain Capital intentionally set out to burden the companies they take over with debt -- or whether things just sometimes go sour amid failed turnaround efforts.

The Senate Banking Committee hearings on Tuesday enlightened the public on one extraordinarily important fact. Politicians can be expected to lie, bully, and engage in character assassination to serve the basest of motivations.

The Credit CARD Act is helping households pay down balances faster, with a third of low- and middle-income households that carry credit card debt reporting that new disclosures have caused them to pay down their balances faster.

David Brooks offers up a spirited defense of private equity today in the Times, and many of his points make perfect sense: In fact, many private equity firms don't set out to laden the firms they buy with debt and cash out before the company goes bankrupt.

In February and March 2012, Demos surveyed a nationally representative sample of 997 low- and middle-income American households who carried credit card debt for three months or more.

In the latest unfortunate news at the intersection of motherhood and politics, stay-at-home moms are doing worse emotionally than their working counterparts.

In the latest unfortunate news at the intersection of motherhood and politics, stay-at-home moms are doing worse emotionally than their working counterparts.