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Business :: Saving

House Votes to Simplify Education Tax Breaks

SAVING | Monday Jul 28, 2014
The House passed a bill Thursday that would simplify a complicated patchwork of tax breaks for higher education but would exclude many graduate students.

European Sanctions Against Russia May Be Torpedoed

SAVING | Jul 25
As Britain pushes for tougher sanctions against Russia, multiple European countries are only expressing lukewarm support. Nations like France and Germany may be reluctant to take a hardline against Russia because of business interests.

The Giving Pledge: A New Club for Billionaires

SAVING | Jul 21
Membership comes with just two requirements: You must be worth at least a billion dollars and be willing to give half of that away. Charlie Rose reports.

Euro Healing, but Still Distant No. 2 to US Dollar

SAVING | By David McHugh | Jul 19
The European Central Bank said that foreign demand for stocks, bonds and other portfolio investments in euros rose to 3.7 percent of eurozone economic output in 2013. That was up from 3.0 percent the year before.

5 Money Saving Tips for Exchanging Currency

SAVING | By Joseph Pisani | Jul 18
Headed overseas for summer vacation? It's easy to get hit with extra fees and expensive exchange rates when switching currencies. Some currency exchange tables in airports and tourist areas offer bad rates, taking more of your money.

House Votes to Slash IRS Tax Enforcement Budget

SAVING | By Andrew Taylor | Jul 17
The GOP-controlled House has voted to slash the budget for the Internal Revenue Service's tax enforcement division by $1.2 billion, a 25 percent cut that would mean fewer audits of taxpayers.

Demonstrators hold placards campaigning against the short term loans company Wonga outside their offices in London, during a May Day protest.

UK Regulator Imposes Caps on Payday Loans

SAVING | Jul 16
Britain's financial regulator on Tuesday announced new limitations on what payday lenders can charge their customers, the latest step in moves to tackle poor conduct in the short-term credit industry.

Bull Run Continues for Most Mutual Funds in 2Q

SAVING | By Stan Choe | Jul 14
Go ahead and open the latest quarterly statements from your mutual funds when they arrive. It'll likely be painless, just like it was a quarter ago. And the quarter before that. And the quarter before that.

Credit card decals on a store window in the Hollywood section of Los Angeles.

US Consumer Borrowing Rises at Slower Pace in May

SAVING | By Josh Boak | Jul 10
Consumers increased their borrowing at a slower pace in May compared to the prior month. Overall credit rose by $19.6 billion in May, down from a gain of $26.1 billion in April, said the Federal Reserve.

With Decimal Mistake, Students Become Millionaires

SAVING | By Kimberly Hefling | Jul 7
Low-income students have inadvertently presented themselves as millionaires on an application for federal financial student aid - making it less likely they will qualify for grants and loans.

Yes You Can: 5 Tips to Beef Up Your Savings

SAVING | By Alex Veiga | Jul 4
Financial freedom isn’t always about possessing great riches. For some, it can be as simple as getting a bit more breathing room from financial constraints like their rent, car payment and other living expenses.