Instead of budgeting, Congress is….

Receive videos and ecards on economic policy. Subscribe at http://www.bankruptingamerica.org ————————- With all of the attention on the BP oil spill, the European debt crisis and even financial regulatory reform, the fact that Congress hasn’t passed (and will likely not pass) a federal budget for fiscal year 2011 is flying under the radar. To quote…

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Rehberg Introduces Securing Tomorrow by Saving Today Act

The provisions fall into the following three themes: 1) Traditional savings accounts; 2) IRAs and their contribution limits; 3) Addressing minimum distributions from retirement accounts for seniors. Specifically, the legislation would do the following: – Exclude up to $500 (twice that amount for married couples) of interest income from gross income annually. – Permanently increase…

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