- ‘Tis the Season: London florist creates $4.6 million Christmas wreath
- No tailgating allowed at Super Bowl XLVIII
- Pentagon to transport African troops to Central African Republic
- Chinese man fed up with his girlfriend’s shopping jumps to his death
- Ukraine leader to talk with protesters; Washington urges caution
- Pope Francis: A nun saved my life
- Israeli P.M. Netanyahu backs out of Mandela funeral
- Elian Gonzalez makes first trip outside Cuba since custody battle
- U.S., British intelligence agents enter online sci-fi world to spy on gamers
- Sarah Palin to host the outdoors show ‘Amazing America’
By Tom Fitton
New photos confirm the attack's coordination and its cover-up
Independent voices from the The Washington Times Communities
Topic - Jeb Hensarling
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.
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.
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.
With most of Washington — and the nation — focused on Monday's mass shooting at Navy Yard, President Obama went ahead with a blistering political speech and offered a preview of bitter battles with Republicans this fall over the nation's debt ceiling and federal budget.
President Obama on Tuesday sought to prod along a rare bipartisan effort in Congress by throwing his weight behind a Senate bill that would eliminate mortgage giants Fannie Mae and Freddie Mac but maintain a government guarantee on high-quality 30-year mortgages so that the popular instruments do not disappear from the marketplace.
Nearly three years after Congress passed the most far-reaching new regulations on Wall Street since the Great Depression, worries have resurfaced that the biggest U.S. banks have only grown in size and remain bailout candidates because they are "too big to fail."
Democrats opposed a Republican-backed move to mount a real-time national debt clock during a House Financial Services Committee hearing on Tuesday, according to one media report.
With as little fanfare as possible, President Obama signed legislation Tuesday requiring him to reveal to Congress within the next 30 days exactly where he would slash defense and domestic spending under automatic budget cuts due to take effect in January.
Senators on Wednesday passed and sent to President Obama a bill that would force him to lay out exactly which federal programs he would cut if the automatic trims put in place by last year’s debt deal go into effect in January.
America's $15.7 trillion national debt continues to grow at an alarming rate. Though most economists agree we're on an unsustainable path, the president and his allies in the Democratic Senate have done nothing about it. They hope to return to their old ways of borrowing trillions without making dollar-for-dollar cuts. Congressional Republicans are trying to impose a bit of discipline.
Kicking his campaign into high gear, President Obama on Tuesday said Republicans' vision of smaller government and lower taxes for the wealthy amounts to "thinly veiled social Darwinism," and cast his own fiscal blueprint, with its higher spending and taxes, as the way to sustain the social safety net.
Leave it to Washington to pick a fight over noncontroversial legislation everyone loves.
After years of putting off big decisions the federal government faces daunting budget challenges this year, according to Congress's chief scorekeeper, which said Tuesday that continued high unemployment, low tax rates and above-average spending are creating a volatile mixture.
As rancorous and partisan as Congress was in 2011, Capitol Hill portends to be even more political this year, as House Republican leaders plan to ramp up their pushback on the Obama administration's domestic agenda even more.
As rancorous and partisan as Congress was in 2011, Capitol Hill looks to be even more politically charged this year, as House Republican leaders plan a sustained attack on the Obama administration's domestic agenda.
"The truth is Fannie and Freddie cost the taxpayers a whole lot more than the amount of their bailout. Their failed business model was at the epicenter of the financial crisis — a crisis that threw millions of Americans out of work and ruined people's lives. Fannie and Freddie can never make amends for the catastrophic damage their failed business model caused our economy," he said.
Rep. Jeb Hensarling, Texas Republican and House Financial Services Committee chairman, said any notion that Fannie and Freddie can repay taxpayers is "Washington spin" and noted that legally, the mortgage agencies cannot buy back the $188 billion of stock they sold Treasury during the crisis and thus they remain on the hook to the government until Congress changes their status.