As housing prices recover, short sales have become an increasingly popular escape route for indebted homeowners. But the future of short sales depends on a tax cut extension from Congress that may or may not come, and realtors argue that housing prices haven't rebounded enough for many homeowners to afford their debt forgiveness as a tax.
Bush tax cuts: A tussle between Republicans and Democrats over the future of the Bush tax cuts played a large role in scuttling the congressional super committee's attempt to reach an agreement on reducing the budget deficit.
A bipartisan group of 100 House members will call for the deficit 'super committee' to make massive deficit cuts – even if it means entitlement or tax reform. The strong backing could be key.
Bankruptcy of the third US solar company in recent weeks has some Democrats accusing subsidized competition from China. Could revamped trade policy protect 'green' firms from bankruptcy?
By rejecting the bill passed by the House Friday, the Senate essentially now has one last shot to get a debt ceiling increase through Congress before the Aug. 2 deadline.
Guest blogger Laura Seay writes that a US ban on conflict minerals amounts to a de facto boycott of the Congolese mining industry, hurting Congo's civilians by removing a key source of income.
House amendments to cut the federal budget kept coming Friday, with Senate Democrats and the White House steeling for a fight. But Republicans say it's 'the House working its will.'
FBI agents arrest a California man who called Rep. Jim McDermott's Seattle office in December and left two threatening messages linked to the Democrat's stand on extending the Bush tax cuts.
The Senate overwhelmingly passed the GOP-Obama tax deal Wednesday. But in the House, both parties are balking, which means conservative 'blue dog' Democrats could be crucial.
A congressional staffer explains recently passed legislation that aims to reduce Congo's "conflict minerals" industry by making it easier for activists to target US companies who import minerals from the Congo.