Fannie Mae common shares have soared, but there may not be a happy ending for investors.» Read More
Fannie Mae common shares have soared, but there may not be a happy ending for investors.
*White House budget savings claims reduced in CBO estimate. WASHINGTON, May 17- Near-term U.S. deficits under President Barack Obama's 2014 budget plan would be higher than those forecast by the Congressional Budget Office this week but would be $1.1 trillion lower over the coming decade, CBO said on Friday.
WASHINGTON, May 17- The Obama administration on Friday notified Congress it was prepared to take a series of steps to free up about $260 billion so it can keep paying the nation's bills once a temporary suspension in the government's debt ceiling lapses this weekend.
FHFA oversees the government-controlled Fannie Mae and Freddie Mac, the mortgage financiers that own or back about half of all U.S. home loans. Bank of America Corp, Goldman Sachs Group Inc and Wells Fargo& Co were among his top 20 contributors in his last election, according to the Center for Responsive Politics.
NEW YORK, May 16- Bond investor and co-founder of DoubleLine Capital LP, Jeffrey Gundlach fancies himself as more than just a fixed-income guru, making successful predictions on everything from shares in Apple Inc. to Japan's Nikkei stock market index to natural gas and gold.
NEW YORK, May 16- U.S. companies are hiring more workers and home prices, stock markets and energy production are climbing. The Congressional Budget Office on Tuesday slashed its budget deficit forecast for the current fiscal year ending Sept. 30 to $642 billion, a massive $203 billion cut from its estimate in February.
WASHINGTON, May 15- The U.S. Emergency cash maneuvers buy more time for the administration and Congress to negotiate an increase in the legal limit on the nation's debt. Republicans in Congress want to use the need to raise the borrowing cap as leverage to seek fresh budget cuts and change the tax code.
*CBO estimates could sap Congress' urgency for fiscal deal. WASHINGTON, May 14- The U.S. deficit is shrinking considerably more quickly than previously thought, the Congressional Budget Office said on Tuesday in a report that could sap Congress' sense of urgency to find further budget savings.
*New CBO estimates could sap Congress' urgency for fiscal deal. WASHINGTON, May 14- The U.S. deficit is shrinking considerably more quickly than previously thought, the Congressional Budget Office said on Tuesday in a report that could sap Congress' sense of urgency in finding further budget savings.
May 14- The U.S. budget deficit is shrinking more quickly than previously estimated, the Congressional Budget Office said on Tuesday, which will likely help postpone the effective deadline for raising the U.S. debt limit.
The Congressional Budget Office lowered its projection for the 2013 US deficit amid higher taxes and better-than-expected bailout repayments.
WASHINGTON, May 14- The U.S. budget deficit is shrinking considerably more quickly than previously thought and revenue growth will outpace spending increases over the next two years, the Congressional Budget Office said on Tuesday.
NEW YORK, May 13- Goldman Sachs Group Inc shareholders should vote against the Wall Street bank's executive compensation proposal because the board has "failed to link pay with performance," proxy advisory firm Glass Lewis said in a report on Monday.
Congress earlier this year suspended the nation's borrowing cap through May 18, temporarily removing the risk of a U.S. debt default. "Congress should deal with this right away. I don't think that it's in the interests of the U.S. or the world economy for Congress to wait until the last minute and create a sense of anxiety. "
But the case for reform is weak and there is little chance of a significant change owing to TVA's powerful political connections.
Steve Eisman, the hedge fund manager who famously bet against mortgages in the United States, has recommended investors now bet against Canada's mortgage lenders and banks.
WASHINGTON, May 9- Republicans in the House of Representatives passed a bill on Thursday, over the threat of a White House veto, that would allow the government to borrow money to pay bondholders and retirees if Congress fails to reach a deal to raise the U.S. debt ceiling.
WASHINGTON, May 9- Fannie Mae, the nation's biggest mortgage finance company, said on Thursday it will pay $59.4 billion in dividends to the U.S.
WASHINGTON, May 9- Fannie Mae, the biggest mortgage-finance company operating under government control, on Thursday said it would pay the U.S. Treasury Department $59.4 billion in dividends during the second quarter after recognizing tax benefits it had written down.
May 8- A federal judge ruled on Wednesday that the United States can pursue parts of a civil lawsuit against Bank of America Corp over its sale of toxic mortgages to Fannie Mae and Freddie Mac, boosting a largely untested legal theory the government used in the case. Bank of America had sought to dismiss the lawsuit, which seeks penalties under two laws.