GOP vice-presidential candidate Paul Ryan wants to slash the deficit through major spending cuts. A similar plan is already being carried out in the UK.

Wisconsin congressman and now Republican vice presidential candidate Paul Ryan will be in Iowa today, talking with voters at the state fair. It'll be Ryan's first solo-appearance since Mitt Romney announced Ryan as his running mate on Saturday.

Meg Favreau of Wisebread.com shares tips on how to travel well without emptying your wallet.

What do you recommend I get for my grandson who is in his third year of college and has no idea of how to manage his meager funds? William, Amherst, MA

Can you recommend a book on how to put yourself on a budget? Thank you, Elizabeth, Unionville, PA

The non-partisan Congressional Budget Office released a study yesterday warning of a U.S. recession if lawmakers let the Bush-era tax cuts expire and enact a round of automatic spending cuts — allowing for a 'fiscal cliff.'

How do you recommend investing funds in an emergency savings account? Peter, Cherry Hill, NJ

The Federal Reserve and lawmakers in Washington are warning of a fiscal cliff coming at the end of the year.

When estimating expenses in retirement, it's good to think about family and friends, as well as the mortgage, utilities, food, clothes, and other financial-planning staples.

The city of Detroit has a projected a deficit of more than $200 million his year — and it could run out of money by June. Last night, Detroit's city council narrowly passed a controversial deal with the State of Michigan.