The California city is the first to cease payments to the state's public employee pension plan. CalPERS suggests the city needs to get its books in order.

The New York comptroller says the state is spending about $12 billion a year to deal with obesity, which is reaching "epidemic proportions" in children, affecting nearly one-third of them.

Taxes that are largely a concern of the very rich will soon affect far more people unless Congress steps in. Family members are creating trusts and making financial gifts.

Although most employers offer some form of life insurance and most workers value that benefit, they don't place as much value on it as they could.