WASHINGTON — The White House is aggressively pushing the idea that, contrary to widespread belief, President Barack Obama is tightfisted with taxpayer dollars. To back it up, the administration cites a media report that claims federal spending is rising at the slowest pace since the Eisenhower years.
The housing industry is suffering, in part because the structure of our nation’s financial markets does not allow us to escape from past mistakes. To a significant degree, this inability to break with the past can be directly blamed on a federal government that clings to its own ineptness and forces the marketplace to adjust for the mismanagement of the two GSEs, Fannie Mae and Freddie Mac.
WASHINGTON — U.S. states have reached a $25 billion deal with the nation’s biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst.
FALLS CHURCH, Va. — Conceding his earlier housing programs have fallen short, President Barack Obama on Wednesday proposed a vast expansion of government assistance to homeowners, aiming to make lower lending rates a possibility for millions of borrowers who have not been able to get out from under burdensome mortgages.
WASHINGTON — Mitt Romney’s newly released tax returns represent an extraordinary accounting of the household finances and far-reaching corporate investments of one of the richest U.S. presidential candidates in generations, with an annual income that tops $20 million.
WASHINGTON (AP) — Barely beating Santa’s sleigh, Congress delivered a last-minute holiday tax-cut extension to 160 million American wage-earners on Friday, just when it looked like they and millions of unemployed workers were going to be left with coal in their stockings.
WASHINGTON (AP) — Congress lurched toward Grinch-like gridlock on Tuesday as the Republican-controlled House rejected a two-month extension of Social Security tax cuts that President Barack Obama said was “the only viable way” to prevent a drop in take-home pay for 160 million workers on Jan. 1.
WASHINGTON — Four House lawmakers received VIP discounted loans from the former Countrywide Financial Corp., the lender whose subprime mortgages was largely responsible for the nation’s foreclosure crisis, according to congressional investigators.