| Volume 90 Number 8 |
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The People’s Lawyer’s Tip of the Day
How do you know if something is fact or "urban legend"? The next time someone tells you about an easy way to make a lot of money, get free gift certificates or secret codes for withdrawing money from an ATM, chain-letters that work, strange effects from everyday products, or anything else that just doesn't seem right, check it out!
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President & Congress Debt Limit Standoff
You've heard this story before!
If congress doesn't act to increase the debt limit, the government will be forced to shutdown and default on its financial obligations. The issue, which has come up numerous times in recent history, has become a contentious political issue. Republicans want any increase to come with dramatic spending cuts. Democrats, however, reason that the increase coincides with money already spent.
Will congress act in time to prevent a government shutdown?
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House & Senate Battle Over Food Stamps
The United States House of Representatives want to cut the food stamp program by $4 billion a year. Additionally, the House would like to impose new work requirements and drug testing for recipients. On the other side of the table, the Senate is only calling for about $400 million in cuts.
Originated during the Great Depression, the food stamp program allows for those in need to purchase food, but not products like alcohol, tobacco, paper towels, or toothpaste. There are not restrictions on the type of food that may be purchased, though, meaning that so-called "junk food" items are fine.
The food stamp program currently comes with an $80 billion price tag.
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Your Money
How much are you spending?
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For the Lawyers
Failure to renew credit card is not a “significant change” in terms.
The Third Circuit held that a credit card company’s decision to not renew a credit card was not a significant change within the scope of the Credit CARD Act or Regulation Z, and, therefore, cardholder was not entitled to 45-days notice.
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