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Consumer Debt Hits Record $3.04 Trillion

Consumer borrowing hit a record $3.04 trillion in the second quarter of 2013, a 22% increase over the last three years. Driving the consumer debt were auto and student loans, which account for $2.19 trillion of the total. Student loans have increased 61% over the last three years. Oct 12, 2013 8:24 PM PT

Pressure Mounts for Sebelius to Resign over Obamacare Collapse

Health and Human Services (HHS) Secretary Kathleen Sebelius is coming under fire to resign in the wake of a two-week Obamacare roll out that CBS News calls "nothing short of disastrous." In a surprising development, Sebelius's longtime friend and fellow Kansan, Sen. Pat Roberts (R-KS), has gone on record as the first Republican calling for Sebelius's ouster. Oct 12, 2013 7:56 PM PT

Revealed: Only 51,000 Completed Obamacare Applications

Despite several Obama Administration officials' contention that they do not have figures on the number of first-week Obamacare enrollments, the Daily Mail says two Health and Human Services workers have accessed the data and crunched the figures: in the first week of Obamacare, just 51,000 people completed applications. Oct 11, 2013 11:04 AM PT

Hawaii Has Zero Obamacare Signups

Not a single resident of President Barack Obama's home state of Hawaii has signed up for Obamacare, reports CBS's D.C. affiliate. Oct 10, 2013 1:27 PM PT

CBS: Obamacare Launch 'Nothing Short of Disastrous'

CBS This Morning says the government's Obamacare launch has been "nothing short of disastrous" and that media outlets "have struggled to find anyone who has actually been successful" in signing up for President Barack Obama's signature legislative healthcare overhaul. Oct 10, 2013 12:14 PM PT

Boehner on Shutdown: 'This Isn't Some Damn Game!'

Standing before a blue screen dotted with #LetsTalk hashtags, Speaker John Boehner blasted President Barack Obama and Democrats on Friday for playing a game of brinksmanship over the government shutdown and the hitting of the looming debt ceiling. Oct 4, 2013 4:39 PM PT

Obamacare Facebook Erupts with Citizen Sticker Shock

On Thursday, the government's official Obamacare Facebook page was riddled with people expressing sticker shock over the government's high cost premiums after having struggling for hours to wade through the technical failures vexing Obamacare exchanges all across the country. Oct 4, 2013 7:56 AM PT

Obamacare's 2015 Provisions to Seize 10% More of Median Worker's Paycheck

A new analysis by University of Chicago professor of economics Casey Mulligan finds that when the Obamacare employer penalty goes into full effect in 2015, the government will confiscate 10% more in taxes from full-time median income workers than it did pre-recession. Oct 3, 2013 8:24 PM PT

AP: Tea Party Has Unmoored GOP from Big Business

The Associated Press says the Tea Party's growing power and influence has unmoored Republican politicians from their traditional alliance with Wall Street in favor of grassroots conservative activists. Oct 3, 2013 1:15 AM PT


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