Mortgage finance giants Fannie Mae and Freddie Mac may not even exist in their current forms after a revamp of the U.S. housing finance system, Assistant Treasury Secretary Michael Barr said on Tuesday. Moreover, “private gains…
The White House is exploring ways that Warren could run the bureau without having to go through a confirmation battle, leading to reports that Obama will use a recess appointment. But that would last only until the end of 2011….
Investors received another slice of good news Monday about the U.S. economy: The federal budget deficit for August totaled a smaller than expected $90.5 billion, thanks to rising government revenues due to higher tax receipts f…
He’s staying on the offense, accusing Republicans of dragging their feet in Congress just as the economy needs another boost. The president said he hopes his new small-business jobs bill will pass as soon as next week.
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Speaking at a White House press conference, President Obama named Austan Goolsbee as his new top economic adviser. He has a “deep appreciation of how the economy affects everyday people,” Obama said.
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