Are Homeowners in Default to Blame for Foreclosure Crisis?
Reuters notes that Wall Street types are complaining that coverage of the current foreclosure crisis — in which banks might have taken houses away from homeowners without the proper documentation —...
View ArticleBernanke Signals That the Fed Might Take Action
In a long speech this morning in Boston, Federal Reserve Chairman Ben Bernanke implied that the central bank will take additional action to help the economy, in the face of sustained high unemployment...
View ArticleElizabeth Warren Meets With Housing Advocates in Ohio
Elizabeth Warren, the Treasury and White House adviser helping to set up the Consumer Financial Protection Bureau, made her first trip yesterday to meet with housing advocates, visiting Columbus, Ohio....
View ArticlePreparing for a Harder Unemployment Fight
Over the past year, Democrats in Congress have fought three times to reauthorize federally extended unemployment benefits, which provide up to 99 weeks of unemployment insurance to millions of jobless...
View ArticleThe Missed Opportunities in the $1,294,000,000,000 Deficit
This afternoon, Treasury Secretary Tim Geithner and Office of Management and Budget Acting Director Jeffrey Zients gave one final report on the United States’ fiscal year: Due to careful stewardship of...
View ArticleThe Obama Administration Against a Foreclosure Moratorium
Today, the Obama administration lays out the case against a nationwide foreclosure moratorium. In the Huffington Post, Shaun Donovan, the Secretary of Housing and Urban Development, argues that the...
View ArticleDemocrats Press for Social Security Boost
Next year, for the second year in a row, America’s seniors won’t be getting any bigger checks from Social Security. Last week, the Social Security Administration announced that the cost of living had...
View ArticleManufacturing Drops, Ominously
A piece of bad economic news: Industrial production dropped unexpectedly in September: Output at factories, mines and utilities fell 0.2 percent, the first decline since the recession ended in June...
View ArticleA Goodbye Post
Seven months ago, I joined The Washington Independent, never having worked for a web-only publication and never having done policy reporting at Internet speed. I came not because of TWI’s reputation as...
View ArticleRep. Upton wants nuclear plants relicensed quicker
Rep. Fred Upton (R-St. Joseph), chairman of the House Energy and Commerce Committee, is criticizing the Nuclear Regulatory Commission for the time it is taking to consider license renewal applications...
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