Politics Barack Obama

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    Even with tens of billions of dollars set aside for foreclosures, the government's efforts to prop up the ailing housing market don't go far enough and as a result are unlikely to yield a full-fledged turnaround.

  • Stocks tumbled 4 percent Thursday as investors were rattled by doubts about the survival of General Motors and Citigroup broke below $1.

  • As Citi trades below $1, speculation again heats up that Citi, Bank of America and GM will almost certainly be removed from the Dow Industrials. Lists are being circulated for likely candidates.

  • Stocks opened lower Thursday, pressured by doubts about whether General Motors can survive and ahead of a hearing with Treasury Secretary Timothy Geithner.

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    Debt-strapped homeowners unable to afford their mortgages could get their monthly payments lowered in bankruptcy court under a controversial element of President Barack Obama's housing rescue plan.

  • Stocks opened lower Thursday, pressured by doubts about whether General Motors can survive and ahead of a hearing with Treasury Secretary Timothy Geithner.

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    Debt-strapped homeowners unable to afford their mortgages could get their monthly payments lowered in bankruptcy court under a controversial element of President Barack Obama's housing rescue plan.

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    President Barack Obama has invited to the White House more than 120 people who hold a wide range of views on how to fix the world's costliest health care system.

  • US stocks headed for a lower open Thursday, having clawed back key ground in the previous session, ahead of a hearing with Treasury Secretary Timothy Geithner and decisions by the European Central Bank and the Bank of England on interest rates.

  • Whether you're a responsible homeowner looking to refinance or just barely making your monthly payments, here's how the new program will help.

  • Strong demand from overseas will be enough to keep companies like Joy Global in business, says the CEO.

  • This company’s focus on clean energy makes it a utility that even President Obama could like.

  • A possible nod from the president is a key ingredient in getting this market back on track.

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    The Obama administration's new housing plan can be split into two sections: help for those facing foreclosure and refinancing for those with homes "under water."

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    There seems to be a growing chorus that the Obama plan to save the economy might do more harm that good.

  • Stocks rebounded off of 12-year lows Wednesday after the Obama administration launched its mortgage-rescue plan to help millions of struggling homeowners stay in their homes. The market shrugged off a bleak beige-book report and barreled higher in afternoon trading.

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    As Team Obama readies its nearly $300 billion mortgage bailout — a plan that at best will have only minor positive impact, and at worst will welfare-ize the housing sector even more — there are recovery indicators out there that are being ignored by the pessimistic administration and its media allies.

  • Today's rally is based on a combination of the reflation trade, dramatically oversold conditions, and late-day chatter that the House will hold hearings on mark-to-market.

  • Amid the dozens of pages of details of the Obama mortgage modification plan, one new element will likely not make it into the headlines because it’s something of an afterthought, but...

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    The Obama administration Wednesday gave lenders the green light to begin modifying home mortgages under a new $75 billion program aimed primarily at people facing imminent financial hardship.