- Aaron Hernandez, ex-Patriot, on prison life: ‘I’m way less stressed in jail’
- Man pulled from water believed to be disgraced D.C. cop
- Kabul airport hit by suicide bomber who targeted NATO gate
- Space probe on course to land on mile-wide comet
- New budget accord saves $23 billion — after $65 billion spending spree
- Congress seeks ban on in-flight calls
- Michelle Malkin’s Twitchy site sold to owners of Townhall, HotAir: report
- GM’s Barra to be first woman to run top American carmaker
- China: Poisonous smog is a military asset, if you think about it
- Texas woman admits to sending ricin to Obama
Latest Jeb Hensarling Items
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.