Economics and Investing: Hugh James Latimer June 20, 2015 June 20, 2015 U.S. Changing Credit Card Liability on October 1, 2015. – D.F. o o o Record number of too big to fail banks: 59 banks in the United States now have over $20 billion in assets. Top 3 US banks hold $6.3 trillion in assets. o o o Government Debt Threatens To Send U.S. Economy Into Death Spiral, Social Security Trust Fund Gone In 2029, Entitlement And Debt Payments Will Consume All Taxes In 2032 o o o Watchdog: IRS cuts had minimal impact on tax collections