The government’s largest effort to compensate victims of the banks’ foreclosure practices is finally sputtering to an end. But for most of those eligible – nearly three million borrowers – it won’t be much of an ending: they’ll be receiving a check for $300 to $500.... Read more»
After losing ground for four decades, middle America increasingly looks doomed. Here’s how it happened.... Read more»
Federal watchdog says mortgage giant had no coordinated plan to bet against homeowners, though Freddie held billions of dollars of investments that paid off if borrowers stayed stuck in high-interest loans.... Read more»
While Democrats paint a glowing picture of the bailout, this Bailout Tracker database tells the whole story. A look at the biggest losses and gains stemming from the TARP and Fannie, Freddie bailout.... Read more»1
The world is going to hell, from the economy to the environment. But don’t worry, the leaders are on it.... Read more»
The gross domestic product of the United States grew by an annual rate of 2.8 percent in the last three months of 2011, the Department of Commerce said Friday.... Read more»
The Consumer Financial Protection Bureau has issued new rules requiring that companies dealing with international money transfers must disclose to each customer any fees, the exchange rate and the amount that will receive in local currency.... Read more»
Economic growth in the United States accelerated modestly in the third quarter, relieving fears that the country would slide back into a recession. The growth is expected to continue at about the same until the end of the year.... Read more»
Federal Reserve Chairman Ben Bernanke told a Congressional committee on Tuesday that “the recovery is close to faltering,” The New York Times reports.... Read more»
A range of economists and independent forecasters say boosting the economy and getting people back to work should be job number one for Congress and that ideological objectives should be set aside until that’s been accomplished.... Read more»
In his closely watched remarks this morning in Jackson Hole, Wyo., U.S. Federal Reserve Chairman Bernanke offered no plan for immediate economic stimulus.... Read more»
Three-time presidential candidate Ron Paul is consistently disregarded by the media. But the 76-year-old Texas Republican Congressman, tiny-government ideals have become increasingly relevant to the national debate. And, despite some eye-rolling by television anchors, there’s been plenty of substantive coverage of Paul’s ideals and track record.... Read more»
The Federal Reserve is concerned that the euro zone debt crisis could “eventually hinder the ability of European banks to fund loans and meet other financial obligations in the U.S.”... Read more»
Yes, it’s political silly season. But, campaigning in Iowa, Texas governor and presidential candidate Rick Perry has just said something shocking. He’s unleashed the “T” word, and I don’t mean taxes: treason. (with video)... Read more»5
U.S. stock markets reacted wildly Tuesday to the U.S. Federal Reserve’s statement that it will keep short-term interest rates low through 2013.... Read more»
As the wrangling over the U.S. debt ceiling continues in Washington, the Federal Reserve is making preparations in the event that Congress and President Obama fail to reach an agreement by the August 2 deadline.... Read more»
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