State of California IOU's

California could end it's IOU program on September 4th, according to the state controller.

Read the article here.

Unemployment Figures

The President released the umemployment figures for the month of July. Watch the speech below or click here for the full report and transcript.

President's Weekly Address: This Economic Storm Will Pass (from 7/31/09)

The President talks about improvemnts to the American Economy. Read the article here as well as watch the video. The video can also be watched in the player below.

Microsoft-Yahoo Deal

Read the article on Yahoo! Finance here.

Credit Card Fees

The Obama Administration is looking to help consumers with their credit cards. In the first of hopefully many overhauls, the credit card fee structure is being changed, limiting the hiking of sudden late fees and phone payment charges among others. The administration is looking to change spending habits by helping people manage their money better and understand that there are always consequences to actions.

http://online.wsj.com/article/SB124272801896734045.html

President Obama: GM Bankruptcy Speech

Visit msnbc.com for Breaking News, World News, and News about the Economy

Equity Swap

An Equity Swap is a swap agreed to right now for a future exchange. It involves, like any other swap, a principal and payment intervals.

http://en.wikipedia.org/wiki/Equity_swap