Foreign holdings of US Treasury debt up in March
Foreign demand for U.S. Treasury securities rose to a record level in March, signaling further confidence in U.S. debt. The Treasury Department said ...
Projected lower deficit could slow any budget deal
The good news is the budget deficit for the current year is projected to come in well below what was estimated just a few months ago. The bad news for ...
2013 deficit estimate lowered to $642 billion
The budget deficit for the current year is projected to come in well below what was estimated just a few months ago, a development that could further ...
Obama calls on Congress to help more homeowners
President Barack Obama says Congress must give more homeowners the chance to refinance their mortgages to save money. Obama says more than 2 million ...
April surplus of $113B lowers US budget deficit
The U.S. government reported a rare surplus of $113 billion for April — the largest in five years and a sign of the nation's improving finances.
Record profit signals healthier Fannie Mae
Fannie Mae said something Thursday that would have been unthinkable a few years ago: It earned a record $58.7 billion profit in the January-March ...
House passes bill to prioritize US debt payments
The GOP-controlled House voted Thursday to make sure U.S. bondholders and people on Social Security get paid if the government hits its borrowing ...
US futures edge lower after extraordinary run
Stock futures edged lower Thursday following an extraordinary streak for U.S. markets this week. Dow futures slipped 25 points to 15,037. The broader ...
Freddie Mac posts $4.6B net income for Q1
Mortgage giant Freddie Mac earned $4.6 billion from January through March, helped by a stronger housing market. The government-controlled company has ...
Congressman, former lobbyist get housing, FCC nods
President Barack Obama acted Wednesday to fill two top regulatory posts, tapping a veteran Democratic congressman to lead the Federal Housing Finance ...
US loans from China at issue in debt-ceiling fight
Despite what you may have heard, China isn't the country's biggest creditor. America is. The bulk of the national debt — soon to exceed a staggering ...
US budget deficit for March grows by $107 billion
The U.S. federal budget deficit grew more slowly in March than the previous month, keeping the annual spending shortfall on pace to finish below $1 ...
Fannie's record profit a symbol of housing rebound
Home prices are up. Foreclosures are down. Construction is up. And now comes the latest sign of the U.S. home market's revival: Fannie Mae, the ...
Banks win dismissal of most rate-rigging claims
A group of banks including Bank of America and JPMorgan Chase have won dismissal of most of the claims in private lawsuits alleging that they rigged ...
Freddie accuses big banks of rigging lending rate
Freddie Mac has sued 15 big international banks, including JPMorgan Chase, Bank of America and Citigroup, accusing them of rigging a key interest rate ...
Freddie Mac posts $4.5B net income for Q4
Mortgage giant Freddie Mac earned $4.5 billion from October through December, its fifth straight profitable quarter. The government-controlled company ...
Geithner sees US economy strengthening gradually
Outgoing Treasury Secretary Timothy Geithner thinks the U.S. economy will strengthen this year — as long as Congress avoids cutting spending too ...
Why Geithner's Treasury leadership proved divisive
President Barack Obama has saluted the outgoing Timothy Geithner as one of the best U.S. Treasury secretaries ever. He's surely been among the most ...
Transcripts show Fed underestimated crisis in 2007
Federal Reserve officials in 2007 badly underestimated the scope of the approaching financial crisis and how it would tip the U.S. economy into the ...
Lessons learned, BofA makes a new mortgage push
Bank of America wants a bigger slice of the mortgage market. This time, the bank is being more careful about how to get it. On Thursday, the bank ...
US budget deficit grows by $260M in December
The U.S. annual budget deficit is on track to reach $1 trillion for a fifth straight year, though government revenue jumped last month as people paid ...
Stocks sink, pulling S&P 500 down from 5-year high
Investors started the week on a cautious note, pulling the Standard & Poor's 500 index down from the five-year high it reached Friday. The move lower ...
Bank of America in mortgage claims settlement
Bank of America reached an $11.6 billion settlement with government mortgage agency Fannie Mae to settle claims resulting from mortgage-backed ...
Small-bore proposals to help avert fiscal cliff
Sure the rich may have to pay more in taxes. But a "fiscal cliff" budget deal could mean pain for nearly everyone else, too: higher airline ticket ...
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