SAN FRANCISCO (KRON) – On today’s edition of Rob Black’s Winners and Losers, our financial expert Rob Black and KRON 4’s Mark Danon talk about Election Day.
When was the last time California mattered in a presidential primary? Probably Bobby Kennedy. For decades, the Golden State has been the 800-pound irrelevant gorilla on the West Coast, a place where the primary was an afterthought in the race for the White House.
Loser: There’s a $6.6 trillion reason the US might be nearing a recession . . . Debt. Talk of a recession dominated market analysts’ conversations during the swoon that started 2016, but it started fading into the background after the market recovery.
“The corporate sector has taken on a substantial amount of debt in the current business cycle. Non-financial corporate debt has increased by $2 trillion from its trough in Q4 2010.
Medical debt just got less painful for nearly 9,000 consumers, courtesy of late-night TV host John Oliver. For nearly 43 million other Americans, it’s still a big problem.
Rob Black answers Jane’s question: Can I use my 401(k) for living expenses now and report it as income next year?