HARP 2.0: Expanded ReFi Plan Spurs Buzz, Questions

HARP 2.0: Expanded ReFi Plan Spurs Buzz, Questions

So-called HARP 2.0, the Obama Administration’s revamped Home Affordable Refinance Program, is yielding plenty of buzz as the Mortgage Bankers Association claimed that nearly a third of refinancing applications ...
President Obama and House Speaker John Boehner

Lawmakers Play Politics with Student Loan Rates

It has been a dizzying week for the topic of rising student loan debt, with President Obama touring college campuses and pushing for Congress to stop a July 1 doubling of rates on federal Stafford loans. House Republicans ...
U.S. Growth Eases to 2.2% in 1Q, But Consumer Spending Up

U.S. Growth Eases to 2.2% in 1Q, But Consumer Spending Up

The latest estimate on GDP, or the output of goods and services, puts first quarter 2012 growth at 2.2 percent, the U.S. Commerce Department said today. That compares to a 3 percent gain in the fourth quarter of ...
Health Care Law Spurs $1.3B in Insurance Rebates for 2012

Health Care Law Spurs $1.3B in Insurance Rebates for 2012

Employers and some consumers are expected to receive an estimated $1.3 billion by this August in rebates from health insurers who spent more on administrative expenses and profits than allowed by the federal health ...
Boehner: Cut ‘Obamacare’ to Stop Student Loan Rate Hike

Boehner: Cut ‘Obamacare’ to Stop Student Loan Rate Hike

Speaker John Boehner said the House will vote Friday on a bill to extend the lowered rate on federally subsidized Stafford loans, but the proposal left a taste of political one-upmanship. The $5.9 billion Republican ...
U.S. Bailout’s Failures: A $60B Loss, While Risky Loans Persist

TARP Bailout’s Failures: $60B Loss, Risky Loans Persist

The official watchdog over the nation’s $700 billion bailout known as TARP said the program has failed to meet its goal of reaching enough struggling homeowners while it stands to lose $60 billion – despite ...
Fed: Moderate U.S. Growth, Near-Zero Rate Holds Thru 2014

Fed: Moderate U.S. Growth, Near-Zero Rate Holds Thru 2014

The Federal Reserve’s policy-setting committee said today it expects U.S. economic growth to remain moderate over coming quarters and then to pick up gradually. Following its two-day meeting, the Fed’s Federal ...
Obama Gets Personal About Student Loan Debt

Obama Gets Personal About Student Loan Debt

President Obama arrived at the University of North Carolina at Chapel Hill today to tell young voters that he relates to them, particularly because he and the First Lady understand the burden of student loan debt. “We ...
Social Security Fund to Run Out 3 Years Earlier: Trustees

Social Security Fund to Run Out 3 Years Earlier: Trustees

The government’s Social Security system that funds retirement benefits and insurance for survivors and the disabled will run out of money in 2033, three years earlier than previously projected, the Social ...
Fed Sets Panel of Economists to Study Bank ‘Stress Tests’

Fed Sets Panel of Economists to Study Bank ‘Stress Tests’

The Federal Reserve has assembled a panel of economists to evaluate the “stress test” models that determine how the largest U.S. banks fare during an economic crisis. The Model Validation Council will provide ...
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