April 25, 2013 5:24 PM
As the cost of college goes up, so does the number of students filing for financial aid. University of Colorado campuses will see a tuition hike next year, up 6% UC Colorado Springs. That totals to about $200 more a semester for in-state students.
It might not seem like... more »
July 15, 2011 3:26 PM
WASHINGTON (AP) - Standard & Poor's is warning mortgage giants Fannie Mae and Freddie Mac that they may lose their top credit ratings if lawmakers don't raise the U.S. government's borrowing limit in time to avoid a default.
S&P says government-controlled Fannie and Freddie, along with certain Federal Home... more »
July 11, 2011 7:06 PM
DENVER (AP) - State officials say the computer system that is the backbone of Colorado's financial workings is outdated and could trigger a failure that would prevent critical governmental transactions. A report released Monday says the failure of the Colorado Financial Reporting System would paralyze the state's ability to process... more »
January 31, 2011 3:45 PM
If you're worried about your utilities bill as temperatures plunge into the deep freeze, there's still time to apply for the Low-Income Energy Assistance Program (LEAP). LEAP benefits provide assistance to help families with their heating bills but are not intended to pay the entire bill.
You may apply... more »
January 27, 2011 6:54 PM
WASHINGTON (AP) - When it comes to finding the cause of the financial meltdown, the answers break down along party lines.
The six Democratic members of a panel appointed by Congress agree that government officials and Wall Street executives share the blame for ignoring the warning signs.
But... more »
September 29, 2010 8:21 AM
The number of Colorado school districts in financial difficulty is rising.
State auditors told lawmakers on Tuesday that the number of districts receiving financial warnings from the state last year rose from 61 to 68.
Warnings to fix fiscal problems are issued based on several factors, including whether... more »
August 31, 2010 9:11 AM
Many private colleges are sweetening financial aid packages for students from their own backyards. It's an effort by the schools to portray themselves as more affordable and better neighbors. They also want to stay competitive.
Among the schools is Northwestern University, which is targeting Chicago-area students in financial need.... more »
August 23, 2010 8:41 AM
It just keeps getting worse.
Gov. Bill Ritter will announce another round of budget cuts on Monday as the state's fiscal emergency continues.
The governor has the power to cut up to $75 million from this year's $18.2 billion budget because the state failed to meet a 2... more »
May 19, 2010 9:01 AM
Lockheed Martin is pledging money and volunteer support for the Denver School of Science and Technology.
Lockheed Martin Space Systems of Jefferson County is making a "large financial pledge" to the school.
Company officials are also making a five-year commitment of volunteer support from Lockheed Martin's 4,300 employees,... more »
May 5, 2010 12:38 PM
The Colorado Department of Education has released findings of an audit on the Cesar Chavez School Network--and the results are very unfavorable. In a news release sent out Wednesday morning, the Commissioner of Education Dwight D. Jones says he's concerned about the network's "egregious financial practices and dubious leadership." "The... more »
April 21, 2010 11:23 AM
A new report shows taxpayers got a record $47.4 billion last year in earnings from the Federal Reserve. The payment to the Treasury Department is slightly higher than the $46.1 billion first estimated in January. The new figure is based on more complete information contained in audited financial statements for... more »
March 21, 2010 12:01 PM
Some Toyota shareholders are upset over a sudden drop in the Japanese automaker's stock price and they are filing lawsuits claiming company executives deliberately misled investors and the public about the depth of accelerator problems. At least three proposed class-action lawsuits filed by Toyota investors say the company gave false... more »
March 16, 2010 11:55 AM
A three-day rainstorm that caused flooding and downed trees was among the most devastating ever to the electrical grid in some parts of the Northeast. New Jersey's Public Service Electric & Gas says the storm was the worst in its history. Consolidated Edison, which powers New York City and some... more »
March 8, 2010 1:03 PM
A global trade union says women with children still face major career and pay obstacles. In a report released Monday, the International Trade Union Confederation says women with children earn almost a third less than men and still face too many career obstacles. Diana Holland, chair of the ITUC's Women's... more »
March 7, 2010 12:02 PM
The Obama administration is hearing a rising chorus of demands to steer more stimulus money to Hispanic and black businesses. Those businesses are getting a disproportionately small number of federal stimulus contracts. Latinos own 6.8 percent of businesses but have received only 1.7 percent of federal stimulus contracts recorded in... more »
March 1, 2010 11:02 AM
President Barack Obama is about to offer another education incentive to turn around low-performing schools and cut the dropout rate. To take advantage of some of the $900 million in grants states and school districts will have to get drastic -- replacing principals, reopening schools as charter schools or closing... more »
February 24, 2010 10:13 AM
Federal Reserve Chairman Ben Bernanke tells Congress that record-low interest rates are still needed to ensure that the economic recovery will last and to help cushion the sting of high unemployment. Delivering his twice-a-year economic report to the House Financial Services Committee, Bernanke strikes a confident tone that the recovery... more »
February 21, 2010 9:03 AM
The nation's governors are on the recession's front lines and they're struggling to chart the road ahead. Their states are staggering from unrelenting joblessness and cut-to-the-bone budgets even as Washington reports signs of economic growth. Republican Jim Douglas of Vermont, chairman of the National Governors Association, says "The worst probably... more »
February 14, 2010 10:40 AM
Vice President Joe Biden says the Iraq war hasn't been worth its "horrible price." He says the war was mishandled from the outset and that the U.S. took its eye off the ball. As a result, he says the U.S. was left in a more dangerous position in Afghanistan, where... more »
February 10, 2010 10:29 AM
Federal Reserve Chairman Ben Bernanke is outlining the central bank's plan for reeling in stimulus money once the economic recovery is more firmly rooted. In prepared remarks to a House committee, Bernanke says the Fed will likely start tightening credit by boosting the interest rate it pays banks on money... more »
February 7, 2010 11:40 AM
Treasury Secretary Timothy Geithner says the U.S. government "will never" lose its sterling credit rating despite big budget deficits and a newly increased debt limit that now tops $14 trillion. Geithner says in an interview broadcast Sunday that in times of economic crisis, international investors will continue to buy U.S.... more »
February 1, 2010 10:09 AM
Personal incomes rose more than expected in December and consumer spending increased for the third straight month, helping the economy slowly recover from the worst recession in decades. The Commerce Department said Monday that incomes rose by 0.4 percent, the sixth increase in a row. That's slightly better than analysts'... more »
January 31, 2010 11:48 AM
An independent government watchdog is warning that the response to the financial meltdown has made it more likely the United States will face a deeper crisis in the future. Neil Barofsky, the special inspector general for the trouble asset relief program, or TARP, says the problems that led to the... more »
January 25, 2010 9:39 AM
December sales of previously occupied homes are expected to be down sharply from the month before when numbers come out today. Prospective buyers were given a five-month extension of a tax credit that initially was to expire Nov. 30. Lawmakers also added a new credit of up to $6,5000 for... more »
November 12, 2009 10:09 AM
The Federal Housing Administration says its financial cushion has dipped to a dangerously low level but should remain above zero under "most economic scenarios." The agency, a major source of funds for first-time homebuyers, faces mounting concerns that it will eventually need a taxpayer bailout as losses grow from homeowners... more »
September 14, 2009 11:50 AM
Sally Ly feels like she did everything right.
The 29-year-old went to college at University of the Pacific in Stockton, Calif., living frugally and using student loans that she figured would more than pay for themselves down the road.
Two years ago, Ly decided to leave the private... more »
September 14, 2009 10:46 AM
Delta Air Lines Inc., the world's biggest airline operator, says its available cash on hand will continue to fall by the end of the year as demand for air travel has been hit hard by the economic downturn. The airline also says in a regulatory filing Monday that its 2010... more »
September 14, 2009 8:14 AM
A new poll suggests the economy still trouble most Americans one year after Wall Street teetered on the brink of collapse. According to a new Associated Press-GfK poll, seven out of 10 Americans lack confidence the federal government has taken safeguards to prevent another financial industry meltdown. Even more --... more »
September 1, 2009 9:25 AM
The Procter & Gamble Co. says it will be a major sponsor of the U.S. Olympic Team for the upcoming winter and summer games. The deal, being announced later Tuesday, comes a month after the world's largest advertiser agreed to a major NFL sponsorship. It's also a big boost to... more »