Mellody Hobson is president of Ariel investments, a Chicago-based money management firm that serves individual investors and retirement plans through its no-load mutual funds and separate accounts.  Additionally, she is a regular financial contributor and analyst for CBS news and CBS.com. Skip: You are joining us this morning to talk about credit card debt, correct? […]

  Tom: Good morning Mellody! What are we covering today?  Mellody: Good morning. Today we are talking about credit card debt, Tom. Over the past 6…

National

It’s the season of swimsuits and barbecues, and I hate to rain on any parades, but crooks are looking forward to summer just as much…

Americans took on more debt in May and used their credit cards more for only the second time in nearly three years. Consumers stepped up their borrowing just as the economy began to slump and hiring slowed. How College Students Can Build A Simple Budget The Federal Reserve said Friday that consumer borrowing rose $5.1 […]