Former Governor of California Arnold Schwarzenegger speaks during the Delhi Sustainable Development Summit in New Delhi on February 2, 2012. (Credit: PRAKASH SINGH/AFP/Getty Images)

California Pays Off $15 Billion In Costly Debt From Schwarzenegger Era

California is set to make its final payment on $15 billion in costly borrowing championed a decade ago by then-Gov. Arnold Schwarzenegger.


traffic cops

Gov. Brown Pitches Amnesty On Traffic Debt For Poor

Calling California’s traffic court system a “hellhole of desperation” for the poor, Gov. Jerry Brown is proposing an amnesty program for residents who can’t afford to pay off spiraling fines and penalties that have resulted in 4.8 million driver’s license suspensions since 2006.


heald closing

Heald Students Left Wondering What To Do Next Following Closure

Local students are left scrambling after Heald Colleges across California closed their doors with little notice.


(Photo Credit: Andrew Burton/Getty Images)

U.S. Auto Loans Soar To Highest In 8 years

U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers.


Money Roll

Analyst: California Faces $340 Billion In Debt

A new report says California state government faces $340 billion in debts, or more than $8,500 for each resident.



FTC Hammers California Debt Collectors Accused Of Extortion, Humiliating Debtors

The debtor or a family member would often be told that if they don’t return a call within two or three hours, they will be served to appear in court. In reality, the debt collectors were just that – not process servers or legal workers – and there was no lawsuit at play.


cal budget crisis

Report: California’s Actual Debt At Least $848B; Could Pass $1.1T

The combined debt of California’s state and local governments is at least $848 billion and could escalate past $1.1 trillion, according to a new report.


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What To Do With Your Tax Refund

Most tax filers are getting a refund after they file their 2012 return. With the average refund running about $3,000, a lot of people will be thinking about what to do with the extra cash.


man on phone

Call Kurtis: Debt Collectors Recorded Conversation And Twisted My Words!

Debt collectors are taking your words out of context, to make it sound like you agreed to pay back the debt.


U.S. Speaker of the House Rep. John Boehner (R-OH) (Photo by Alex Wong/Getty Images)

Opinion: The Fourteenth Amendment Solution

Speaker John Boehner believes he holds a strong hand in fiscal cliff and debt limit talks. He is, once again, taking the global economy hostage and playing politics with the U.S. debt limit.


Mitt Romney (Photo by Steve Pope/Getty Images)

Opinion: With Economics Intertwined With Foreign Affairs Romney Will Win The Final Presidential Debate

Romney’s ideas – if presented fresh and enthusiastically hopeful for America’s future – can be the final bump he needs to win this election.



Stockton To Be Audited Over Budget Deficit

State Controller John Chiang says he intends on getting the truth as to how the city of Stockton could be so suddenly in deep debt.