Faced with sluggish progress in its foreclosure-prevention effort, the Obama administration will spend the coming weeks cracking down on mortgage companies that aren't doing enough to help borrowers at risk of losing their homes.
In the otherwise ponderous and unhurried context of global climate negotiations, the past two weeks have seen a variety of gripping twists. The New York Times has the story.
Despite the Dubai World distraction, the Street is very much focused on U.S.-based events.
Here’s a clip-and-save cheat sheet, suitable for framing or taping to your refrigerator, that will save you time—and money—as you try to crack the carbon code for yourself, your business and your investments in the months and years ahead.
Thousands of drivers on the nation's roads don't carry auto insurance, despite laws in all but two states requiring it.
Big banks are roaring back. At crisis' edge last year, they are repaying billions of dollars dumped into their vaults to rescue them. Dividend checks are accumulating at the Treasury. Taxpayers won't recoup the full sum of the government's unprecedented infusion to the financial sector, but the returns are ahead of schedule.
The axle that is health care reform, and around which Washington is wrapped, threatens to scuttle the Presidents domestic agenda while he frustratingly tries to reach out to foreign allies (or non allies as the case may be).
The ultralow interest rates the U.S. has been paying on its colossal debt may not last much longer, and the White House estimates that the tab will exceed $700 billion a year in 2019, the New York Times reported.
In U.S. President Barack Obama's speech to Asia-Pacific leaders at the APEC Summit in Singapore over the weekend, he highlighted the importance of a strong China economy in the context of global growth.
Moderate Senate Democrats threatened Sunday to scuttle health-care legislation if their demands aren't met, while more liberal members warned their party leaders not to bend.
The American stock market has soared 64 percent since it hit bottom eight months ago. And that leaves it just where it was more than 11 years ago.
Now that unemployment has topped 10 percent, some liberal-leaning economists see confirmation of their warnings that the $787 billion stimulus package President Obama signed into law last February was way too small. The economy needs a second big infusion, they say.
With no margin for rebellion, Senate Democrats pushed toward a crucial weekend test vote on their sweeping health care bill Friday, and wavering moderates appeared to be falling in line on President Barack Obama's signature issue.
Designed to help low-income people afford to buy houses, the Federal Housing Administration's is now insuring houses for increasingly well-off buyers, says the New York Times.
Congressional budget crunchers said the Democrats' latest health care plan would hold down federal red ink for at least 20 years, an assessment that gave supporters hope as the Senate moved gingerly toward debate.
A flurry of green agreements between the U.S. and China this month has lowered expectations for any global deal at a major climate change conference in Copenhagen next month, but they may also foreshadow a new approach by the Obama administration focusing on job creation and technological innovation.
Maybe Bernanke really does have some clout: ever since Monday, when Bernanke engaged in unusual jawboning in support of the dollar, the dollar has stabilized and is even in a mild uptrend.
The economy still needs help. So White House officials are looking at creating a new version of cash for clunkers — this time for home weatherization. The New York Times reports.
In a report released Tuesday by the comptroller of New York State, Wall Street profits in 2009 are on track to exceed the record set three years ago, reports the New York Times.
President Obama took his declining dollar to the Asia-Pacific economic conference, and he added to it a declinist opinion of America’s economy. His big message? Don’t count on American consumers to lead the world from recession to recovery and beyond. His second big message? In the U.S., we must save more and spend less.