In yet another sign of growing fiscal problems for states and municipalities, Detroit may be cutting key services in certain portions of the city, the WSJ reports.

We think now is more important than ever to be smart about spending money during the holidays. Here are 4 tips for smart holiday shopping: 1) Create A Holiday Shopping Budget And Stick With It. No need to try to keep up with the Joneses’. First look at your overall budget to determine what you […]

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Via: The Baltimore Sun According to reports hundreds of Baltimore City employees over the past three years have earned overtime pay equal to more than half their annual salary, even as finances are an issue for the city. Among those paid the highest overtime are 36 police officers and a firefighter who took home more […]

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Via: Baltimore Sun Baltimore fire and police unions filed suit against the city in federal court Thursday citing that they “knowingly underfunded” their pension plan over the past decade, ignoring the advice of financial experts hired by the city. If officials do not make drastic changes to the pension system by July 1, the city […]

WASHINGTON — President Barack Obama sent Congress a $3.83 trillion budget on Monday that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs.