The government and AIG, the giant insurer rescued with $182 billion at the depths of the 2008 financial meltdown, announced a plan Friday to end taxpayer involvement in the company over the next two years.
Do you think your tax dollars should be used to fund organizations that advocate higher taxes on American citizens? Well, that is exactly what has been happening. The new Republican-controlled House of Representatives, in addition to reducing big, wasteful and unnecessary spending, also needs to go after and defund those programs and activities that are downright destructive.
The Federal Reserve paid a record $78.4 billion in earnings to the U.S. government last year, reflecting gains from the central bank's unconventional efforts to lift the economy.
Among the first announcements President Obama will make upon returning from his Hawaiian vacation is his choice for top economic adviser, a decision that could signal a new direction for the administration as it struggles to jump-start the economy and wrestle down unemployment.
Don't look for any big changes in President Obama's Cabinet as the new year gets under way.
A federal judge on Tuesday ordered the U.S. government to pay more than $2.5 million in lawyer fees and damages after he concluded investigators wiretapped the phones of a suspected terrorist organization without a warrant.
The Obama administration on Tuesday expanded punitive sanctions against Iran over its nuclear and missile programs and support for the Lebanese militant group Hezbollah.
Before too long, the government check will no longer be in the mail.
The U.S. housing crisis is entering its fourth year, yet Lender Processing Services says more than 2 million homes are in the process of foreclosure and another 2 million are seriously delinquent, having missed more than three monthly payments. Moreover, the average home in the process of foreclosure has been delinquent more than 16 months. How can this be? Certainly, it is in the best interests of both borrower and lender to resolve a delinquency quickly; the borrower wants to avoid eviction, while the lender wants to avoid the typical 50-percent-plus loss associated with a residential foreclosure.
