The bill is expected to be signed into law by the President in the next few days.
Stocks are off their highs but a global commodity rally sucks in more buyers on weaker dollar, China stimulus, less fear; S&P 500 approaches May highs.
We all know that the biggest barrier to meaningful recovery in the housing market is the glut of foreclosed inventory on the markets. So finally some good news. A new survey from online real estate sale sites Trulia.com and RealtyTrac.com shows increased buyer interest in foreclosed properties.
Over the last two days, as I've blogged about new fuel efficiency rules President Obama laid out at the White House, I've been struck by the opposition to these changes.
A panel of President Barack Obama's economic advisors stepped into the public view on Wednesday at a meeting to discuss energy issues and job creation.
The Obama administration, trying to crack down on abuses exposed by the financial crisis, is considering creation of a regulatory commission to protect consumers of financial products such as credit cards and mortgages, according to administration and industry officials.
Credit card legislation has just passed the Senate: good news for consumers, bad news for credit card companies.
The House is expected to approve the legislation later this week and then send it on to the President so he can sign it into law.
With the new mandate from Washington, this efficiency movement in the auto industry will pick up momentum, and several companies are positioned to profit.
Most of the large retailers have reported, and the results are better than expected, at least on the bottom line.
President Obama is being hailed this morning in news reports for cutting a deal with the state of California and automakers to raise fuel economy standards for cars - so called CAFE standards - reportedly in opposition to Bush Administration policy, writes Tony Fratto former Deputy Assistant to the President and Deputy Press Secretary for the Bush Administration.
For years, we've heard Detroit and other auto makers lobby against higher fuel economy standards because it would drive up costs and ultimately hurt sales of SUV's and pick-ups- vehicles Americans want.
I have never bought a car in my life. My wife has bought a lot of them. I'm just not that into cars. I have usually referred to the cars we own by their color.
President Barack Obama wants drivers to go farther on a gallon of gas and cause less damage to the environment—and be willing to pick up the tab.
Auto sales continue to be week this month as consumers struggle with lack of confidence and lack of credit, General Motors CEO Fritz Henderson said Tuesday.
Americans were promised a reward for rescuing the nation’s banks. In return for all those bailouts, the banks essentially granted stock options to the government — a potential jackpot for taxpayers once the crisis blew over, the New York Times reported.
"UNCLE!!!!!!!!!" That's the cry you'll hear from Detroit to Washington as President Barack Obama announces a new tailpipe emission standard that mirrors the tough measures California has been trying to impose for years.
President Barack Obama will issue new vehicle emission standards and pair them with a broader goal of reducing pollution, marking the first time limits on greenhouse gases will be linked to federal standards for cars and trucks.
The NAHB home buying survey for May is out, and is again showing some improvement, but not much. Present and Future expectations of sales-essentially a survey of builder sentiment-rose. But traffic in prospective buyers, which is what counts, was unchanged.