Republicans want to privatize Fannie Mae and Freddie Mac, the mortgage giants at the heart of the financial meltdown. But bad news on house prices has them delaying grand plans.
The November election sent a message of no more bailouts. Yet many states could default on debts in 2012, forcing a crisis. What can be done now?
The CBO weighs in on the idea of a private-public hybrid compromise for Fannie Mae and Freddie Mac.
History, it seems, will remember 2010 in the United States as the year of health-care reform, the Gulf oil spill, and the tea party movement. But the most widely covered stories are clearly not the only events that could shape the future of the nation. Here we note five overlooked stories of 2010 – developments that might have received some press coverage but perhaps not as much as they should have, given the impact they could have on various aspects of American life in the years ahead.
TARP final cost to US taxpayers is expected to be lower than earlier projections, according to Treasury Secretary Timothy Geithner. Bailed-out companies, such as AIG and GM, have already begun to pay back TARP funds.
Krugman and Wells argue that Fannie, Freddie and the Fed are innocent; the big bad global glut fed the boom that led to the crash.
Ben Bernanke believes that making people feel richer is the key to generating actual wealth. Is he right? We're about to find out.
Will QE2 accelerate the national and international economic decline?
As Obama presses for on a free-trade deal with Korea, where does the tea party stand? Polls say tea partyers do not favor trade pacts, but for many of their allies in Congress, it's a new issue.