Media

New York, NY – The national public policy organization Demos has released a new report that examines the underlying reasons why some Americans have credit card debt and finds further evidence that, contrary to popular belief, indebted households are not the product of less responsible spending habits.

In his testimony at the Senate’s “Dollars and Sense” hearing on dark money and the impact of McCutcheon v FEC, Justice Stevens made several clear and important points about the “giant step in the wrong direction” the Supreme Court has taken on money in politics.

Here's a quick question about your retirement savings: When was the last time you checked the fees on your 401(k)?

If you're like most Americans, chances are you're not sure what exactly your plan is charging you. Even though employers are now required to disclose more information about 401(k) fees, only about half of workers said they actually noticed the data, while just 14 percent made changes after reviewing the information, according to a 2013 study from the Employee Benefit Research Institute.

At a Senate hearing today, retired Supreme Court Justice John Paul Stevens will testify about the rise of dark money and the impact of what he’s called the “grossly incorrect” decision in McCutcheon v FEC.

Today’s New York Times leads with some news that maybe, just maybe, ‘too big to fail’ for major Wall Street banks could become a thing of the past. Prosecutors are nearing criminal charges against Credit Suisse and BNP Paribas (while of course taking very, very careful baby steps to make sure that these criminal penalties would not have drastic impacts). The crimes of these banks? In BNP Paribas’ case, it’s processing transactions involving Sudan and Iran.

Today, Senate Republicans filibustered a proposal to gradually raise the minimum wage to $10.10 an hour.

There’s been alarm raised recently over the decline in college enrollment over the past two years. Some have even gone so far as to argue that this decline is the result of masses of young people realizing that college “isn’t worth it”, even though the college wage premium—the gap between the average wages of college grads and those with less education—