Economy Articles

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Three Fed Presidents Call For Phasing Out Mortgage Bond Buying

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Three Federal Reserve regional bank presidents called for phasing out the Fed’s monthly purchases of $40 billion in mortgage-backed securities as the housing recovery shows signs of gaining...

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Europe Tries to Boost Economy After Pressure From U.S.

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European policy makers expressed a willingness to consider new ways to revive their ailing economy as they confronted fresh U.S. pressure to take action.

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Rally Matches 1990s Gains With Valuations 28% Lower

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Returns from the U.S. equity bull market that started four years ago are matching those from the last half of the 1990s even as valuations are 28 percent lower.

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No Lobby For Grandma Means A Budget Throwing Grandkids Off Train

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Hundreds of miles away from the nation’s capital, low-income Americans are experiencing the reality of automatic federal budget cuts on programs little noticed by Washington’s power brokers.

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Consumer Comfort Hovered Last Week Near Five-Year High

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Consumer sentiment last week hovered close to its highest level in more than five years, a sign the biggest part of the U.S. economy will keep expanding.

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Freddie Mac To Pay Treasury $7 Billion On Quarterly Profit

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Freddie Mac, the U.S.-owned mortgage-finance company, will pay $7 billion to the Treasury Department after reporting the second-largest quarterly net income in the company’s history.

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Gates Says Wealthy Should Pay More To Help Reduce Deficit

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Microsoft Corp. co-founder Bill Gates said the wealthy should pay more as the U.S. continues to grapple with how to rein in its budget deficit.

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Senate Passes Wal-Mart Backed Bill Letting States Tax Web Sales

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The bill now goes to the Republican-controlled House of Representatives, which probably won’t act quickly or pass a measure in the same form as the Senate.

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Housing Crash Fades As Defaults Decline To 2007 Levels

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Six years after the start of the foreclosure crisis, American homeowners are paying their mortgages like the housing crash never happened.

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