President Obama and Senate Democrats pushed through a raft of administration nominees this week after changing the chamber's rules, leaving Republicans to consider a dwindling array of tactics to check the president's power.
Persistently weak job growth, higher taxes on families and record-breaking government debt are the hallmarks of the failed economic experiment known as Obamanomics.
Fannie Mae and Freddie Mac have been in federal conservatorship since 2008. Should these government-sponsored housing enterprises — essentially broke — still be required to spend taxpayer money to fund activities of housing advocacy groups?
Fannie Mae and Freddie Mac, the housing giants whose combined $188 billion bailout dwarfed all others during the 2008 financial crisis, announced Thursday that they will return another $39 billion in dividends to the U.S. Treasury next month, bringing them close to fully repaying the taxpayers who rescued them.
Mortgage giant Fannie Mae has filed a lawsuit against nine banks for allegedly manipulating the London interbank offered rate (Libor) that is used to set global interest rates on such financial products as mortgages and credit cards.
JPMorgan Chase has agreed to pay $5.1 billion to resolve claims that it misled Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed.
Fannie Mae and Freddie Mac, the two mortgage finance giants whose financial woes required massive taxpayer bailouts in recent years, could be missing out on as much as $4.6 billion in payments from foreclosed mortgages in their portfolios, a federal investigator said.
The Federal Housing Administration may for the first time need a bailout from the U.S. Treasury as rising defaults on mortgages it insures have pushed its insurance reserves into deficit, according to a new report.
The federal deficit is down 37.6 percent so far this fiscal year, according to Treasury Department statistics released Monday, showing the government has made progress in stanching the spread of red ink while managing to avoid a double-dip recession.
President Obama says he has a "Better Bargain for America" to rescue the feeble housing market. He offers the usual clever turns of phrase, but it's just repackaging of the same government intervention that created the subprime-mortgage crisis in the first place.
It would be funny if it weren't so serious. The president has proposed to eliminate Fannie Mae and Freddie Mac, while at the same time proposing to put in place the same policies that caused the two government-sponsored enterprises to fail.
President Obama floated a plan Tuesday that he hopes will take some of the load off Fannie Mae and Freddie Mac in the financing of American homeownership.