WASHINGTON -- The government will let more borrowers qualify for a new $300 billion program that lets troubled homeowners swap risky loans for more affordable ones, a Bush administration official said today. Department of Housing and Urban ...
Read moreNEW YORK (CNNMoney.com) -- The Bush administration said Wednesday that it was changing its nearly-moribund mortgage rescue plan in an effort to spark more lenders and homeowners to participate. The Department of Housing and Urban Development's Hope ...
Read moreBarack Obama has long said he wanted to pull together a bipartisan administration that followed the best policies, no matter whether they were Democratic or Republican ideas. That may sound like the usual rhetoric of a presidential candidate and ...
Read moreWASHINGTON (MarketWatch) -- Treasury Secretary Henry Paulson laid out details for the next stage of the government's financial-market rescue package Wednesday, announcing that he has shelved the original plan to buy troubled mortgage assets while ...
Read moreMervyn King deployed the Harold Macmillan defence on Wednesday as he was forced to reverse his views on the outlook for the economy in a fashion unparalleled in the 15-year history of the Bank of England’s inflation report. In all but invoking the ...
Read moreWASHINGTON — Treasury Secretary Henry Paulson announced a series of moves Wednesday that redefine the federal government's $700 billion rescue plan for the financial industry in order to tackle what he called a dire situation in the consumer credit ...
Read moreWe’re still two months from Inauguration Day, but the city is already seeing an Obama Dividend. Today in Queens, Mayor Bloomberg, Congressman Jerry Nadler, and Brooklyn City Councilman David Yassky will announce the latest maneuver in their push to ...
Read moreHONG KONG: Asian shares tumbled Thursday as the US government abandoned moves to buy up billions of dollars in toxic mortgage debt at the centre of the global credit crisis and amid global recession fears. Regional markets fell for a third straight ...
Read moreEver since the Vietnam misadventure, a postmodern revolution had been looming in America. Barack Obama's tour de force is its clincher. American campuses have been mass-producing smug, politically correct poseurs and slogan-spouting groupthink ...
Read moreRelated Stories: Metro rail project: MMRDA counselled on avoiding delay Metro rail project: ROW demand struck down Metro project: change in plan to overcome design clash Deadline extended for submission of bids for second Metro corridor 2nd Metro ...
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