MarketWatch

Additionally, many prepaid cards offer savings programs, which help consumers save money. As noted in New America Foundation's policy paper, Beyond Barriers: Designing Savings Accounts for Lower-Income Consumers, "consumers using the savings pocket of a prepaid card reported that customers who set up defaults or automatic transfers into their savings accounts had more success accumulating savings." The policy paper further recommended "to help bridge the gap between where small-dollar savings products are offered and where consumers are located . . .

... programs and tax-bracket thresholds would cut deficits by about $300 billion over the next decade and $63 billion in 2021 alone, according to an analysis by the bipartisan Committee for a Responsible Federal Budget's Moment of Truth project. ...

Federal Reserve Chairman Ben Bernanke addresses The Committee for a Responsible Federal Budget Annual Conference in Washington. That decision, due at 12:30 pm, should hold few surprises, though the accompanying statement will be eyed. ...

Federal Reserve Chairman Ben Bernanke addresses The Committee for a Responsible Federal Budget Annual Conference in Washington, D.C, and urges Congressional action on US Debt.

Original article

Jeff Merkley, an Oregon Democrat, told a gathering on Tuesday at the New America Foundation. “A family is applying multiple times to servicer and the paperwork is lost and each person they talk to tells them a different story,” said Merkley. ...

An insightful reader post on Megan McArdle?s blog on the Atlantic uses IRS data to figure out how much money the government would raise by taxing certain wealth levels. He says a 45% rate on incomes of more than $1 million would generate $31 billion, ...