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July 25th, 2010 | Published in News | 3 Comments
NY Post | By MAUREEN CALLAHAN | Posted: 12:27 AM, July 25, 2010
It’s called a party though it’s not a party, though even that depends whom you ask. It’s not in the business of endorsing candidates except when it is, and has no interest in the establishment even though one member is running for governor.
Welcome [...]
July 27th, 2010 | Published in News
July 27, 2010
Economic and Budget Issue Brief
Summary
Over the past few years, U.S. government debt held by the public has grown rapidly—to the point that, compared with the total output of the economy, it is now higher than it has ever been except during the period around World War II. The recent increase in debt has [...]
July 26th, 2010 | Published in News
By Peter Barnes
Published July 26, 2010
| FOXBusiness
With little fanfare, the U.S. government has rapidly become the nation’s top backer of mortgages that require little or no money down, with taxpayer guarantees on them surpassing $1 trillion earlier this year, a FOX Business analysis shows.
“Zero down” mortgages as high as $1 million have been backed by [...]
July 23rd, 2010 | Published in News
By ANDREW TAYLOR, Associated Press Writer Andrew Taylor, Associated Press Writer – Fri Jul 23, 3:12 pm ET
WASHINGTON – New estimates from the White House on Friday predict the budget deficit will reach a record $1.47 trillion this year. The government is borrowing 41 cents of every dollar it spends.
That’s actually a little better than the administration predicted in [...]
July 22nd, 2010 | Published in News
July 22, 2010
by Lydia Saad
PRINCETON, NJ — Gallup’s 2010 Confidence in Institutions poll finds Congress ranking dead last out of the 16 institutions rated this year. Eleven percent of Americans say they have a great deal or quite a lot of confidence in Congress, down from 17% in 2009 and a percentage point lower than [...]
July 21st, 2010 | Published in News
Bailout watchdogs say Obama mortgage program is failing to help homeowners facing foreclosure
Daniel Wagner, AP Business Writer, On Wednesday July 21, 2010, 11:27 am EDT
WASHINGTON (AP) — Government watchdogs told a Senate panel Wednesday that the Obama administration’s effort to help homeowners avoid foreclosure isn’t working and that the Treasury Department has failed to fix [...]
July 21st, 2010 | Published in News
Wed Jul 21, 2010 12:08am EDT
* Total US govt financial system support seen at $3.7 trln
* US support swells by $700 bln in past year-watchdog
* Mortgage, housing commitments account for most of rise
* TARP watchdog criticizes Obama housing rescue efforts
By David Lawder
WASHINGTON, July 21 (Reuters) – Increased housing commitments swelled U.S. taxpayers’ total support for [...]
July 20th, 2010 | Published in News
Jul. 20, 2010 6:35 PM ET
ANDREW TAYLOR, Associated Press Writer
WASHINGTON (AP) — Senate Democrats broke through a stubborn Republican filibuster Tuesday and pressed to restart jobless benefits for 2½ million Americans still unable to find work in the frail national economic recovery. The Democrats were victorious by the single vote of a new senator sworn in [...]
July 19th, 2010 | Published in News
By Alissa Krinsky on Jul 19, 2010 07:00 AM
“The markets are the world’s greatest Rubik’s cube,” says CNBC’s Rick Santelli. “And I love solving puzzles.”
In fact, as he provides live updates each weekday from the CME (Chicago Mercantile Exchange) group trading floor, Santelli feels his mission is to put the pieces together, helping viewers figure [...]
July 18th, 2010 | Published in News
Sun Jul 18, 4:05 pm ET
Mark Williams, the tea party leader who wrote a blog post this week calling the National Association for the Advancement of Colored People (NAACP) racist, has been “expelled” from the National Tea Party Federation.
Williams wrote the blog post on Thursday in response to the NAACP’s Tuesday declaration accusing the tea party movement of tolerating [...]