Stay updated on financial news, market trends, and economic changes that affect your money. From interest rate hikes to government policy shifts, we break down what’s happening now—and what it means for your finances.
It’s apparent that many factors contributed to the economic crisis, but one of the biggest problems “was that our economy was left exposed regulations that were out of date and regulators who weren’t minding the… Obama: Overhaul Nation’s Regulatory System
The $787 billion American Recovery and Reinvestment Act 2009, signed into law last week by President Obama, provided $13.61 billion for projects and programs administered by the Department of Housing and Urban Development (HUD). HUD… HUD Sends 75% of Stimulus Money to State and Local Agencies
American Recovery and Reinvestment Act 2009 – A breakdown of the stimulus package spending The $787 billion stimulus package signed into law by President Obama last week: Tax relief: $288 billion total, including $15 billion… A Breakdown of Stimulus Spending
In his weekly address this morning, President Obama said that the American Recovery and Reinvestment Act will start to impact families “as soon as a few weeks from now” through the quickest and broadest tax… Obama: Tax Cuts and the Federal Deficit
The continuing slide on Wall Street reflects growing concerns that Obama’s $787 billion stimulus package, a $75 billion foreclosure prevention plan, and up to $2 trillion to stabilizing banks and to support lending just won’t… Stock Market Closes Down For the Week on Friday
President Obama has said that it will take a three-legged stool to fix the nation’s economic troubles. Last week, Treasury Secretary Timothy Geithner unveiled the Financial Stability Plan – a measure to prop up the… Obama Announces Plan to Recover from Housing Crisis
The Securities and Exchange Commission reported Tuesday that it has charged Robert Allen Stanford from Texas and three of his companies for orchestrating a fraudulent scheme centering on an $8 billion CD program. The affiliate… Stanford Financial Charged with $8 Billion Fraud
The American Recovery and Reinvestment Act 2009 was passed by the House and Senate last Friday and President Obama will sign the legislation into law on Tuesday in Denver, Colorado. Governor Ritter said, “The decision… Obama Will Sign Stimulus Package into Law on Tuesday
The Federal Trade Commission reported on Wednesday that they’ve charged a mortgage foreclosure “rescue” operation with violating the FTC Act by falsely claiming that they would stop foreclosure or fully refund the consumer’s money. A… Another Scam Mortgage Foreclosure Rescue Company
The House and the Senate reached a compromise this afternoon on the much anticipated American Recovery and Reinvestment Plan. Lawmakers found a middle ground to settle the differences in the Senate’s version of the bill… Congress Compromises on Stimulus Package