The U.S. Treasury Department will issue the second-largest quantity of debt ever for the fourth quarter of this calendar year. However, the quality is less than previously forecast because of a higher-than-expected government c…
In addition to state tax credits from Michigan — and the billions of dollars already loaned it by U.S. taxpayers in the form of last year’s bailout — Chrysler may soon get approval for billions more in loans from the Departme…
The government’s efforts to stem the foreclosure crisis may have been hampered by its reliance on Fannie Mae and Freddie Mac, according to a new report.
The two mortgage giants have “a history of profound corporate mismanagement,” and were overly reliant on subcontractors, the report by the Congressional Oversight Panel said.
Private businesses “do not take an oath of office, nor…
Continue reading Report: Treasury Outsourced Foreclosure Bailout
Report: Treasury Outsourced Foreclosure Bailout originally appeared on DailyFinance on Thu, 14 Oct 2010 07:33:00.
Filed Under: Company News, Economy, Real Estate, Taxes, Credit
The Treasury Department announced a $1.5 billion lending package to boost small businesses at the state level.
The money will be available to states that can demonstrate that they will generate $10 in new private lending for every dollar of federal funds they receive, Reuters said. This could create a package worth a total of $15 billion.
California will receive $168.62 million,…
Continue reading Treasury Announces $1.5 Billion Small Business Package
Treasury Announces $1.5 Billion Small Business Package originally appeared on DailyFinance on Fri, 08 Oct 2010 06:43:00.
The federal deficit will amount to the equivalent of approximately 10% of U.S. gross domestic product for the fiscal year, which ended Sept. 30, according to a Treasury official. That’s about the same percentage as the previous…