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Despite millennials' lingering reputation as financial delinquents, it turns out not everyone drowning in credit card debt has a newly-printed college diploma and a stack of student loan bills.

A recent article by Reuters' Chris Taylor reveals baby boomers are facing an even steeper road to financial freedom. 

Tax reform may be moving to the front burner of Congress this year, if two powerful committee chairs get their way, according to Politico. Should this happen, get ready for a fierce battle over the charitable tax deduction, a large and obvious target for reformers looking for revenue. The Congressional Research Service has estimated that the U.S.

China's environmental tax policy is moving in an interesting direction. It was announced yesterday that a new set of tax polices focused on preservation, rather than use, will be introduced, including a tax on carbon dioxide emissions. While the specifics have not been released, the government intends to collect environmental protection taxes, instead of pollutant discharge fees. China is also looking at taxing energy-intensive products, such as batteries and private aircraft, and increasing coal taxes.

If tax reform goes forward this year, as some leaders in Congress hope, one thing is certain: It won't be an elegant exercise in representative democracy. Think more interest group feeding frenzy. 

During the first half of the Twentieth Century, as America became an industrial power, the most important battles for labor rights unfolded at steel plants, coal mines, oil refineries, and at manufacturing plants around the country, particularly in the auto industry. 

Harsh, an IT professional from Tuscola, Illinois, is 62, around the age at which a lot of people start actively planning to retire to a white-sandy beach with a frozen margarita in hand.

Harsh's debt snuck up on her as she helped her two daughters with college and living costs. She went back to school after a divorce and dealt with unexpected expenses such as big dental bills. Now she has about $300 a month in minimum payments, spread across three credit cards, and the balance never seems to go down because of all the interest she is paying.

If you consider yourself part of the middle class, you could be forgiven for not standing at the ready after President Obama called for you to be reignited.

In the wake of President Obama's proposal to raise the minimum wage to $9 an hour, critics of the proposal are repeating the familiar point that it is mainly teenagers and part-time workers who earn the minimum wage -- groups that supposedly don't need much of a boost in their wages. 

Is that true? A succinct answer comes from a recent blog post by Doug Hall and Natalie Sabadish of the Economic Policy Institute. Here's what they wrote:

Gretchen Morgenson’s New York Times article on the New York Fed’s ongoing bailout of Bank of America is a much needed reminder of the tar baby embraced by the government in 2008 when it decided to save the banks in their current form rather than changing the system fundamentally.