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February 22, 2011, 10:39 am
By
Peter Schroeder
Home prices in nearly all metropolitan areas across the U.S. continue to fall as lawmakers and the Obama administration try to figure out how to remake the nation's housing market.
The Standard & Poor's/Case-Shiller index reported Tuesday that home prices fell 3.9 percent during the fourth quarter of 2010.
Home prices fell 1 percent in 20 major cities in December, on the heels of another 1 percent drop in November.
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Archived under:
Economy
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February 22, 2011, 7:14 am
By
Peter Schroeder
In December and January, Elizabeth Warren traveled the nation, meeting with
lawmakers, banking executives, business lobbyists and consumer advocacy
groups.
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Archived under:
Banking/Financial Institutions
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February 21, 2011, 6:00 pm
By
Bernie Becker
The concept of tax reform has backers on both sides of the aisle, but it's a long, complicated process.
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Archived under:
News, Finance & Economy, Domestic Taxes
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February 20, 2011, 8:59 pm
By
Erik Wasson
Democrats hope to drive home the message that Republicans should be blamed if the fight ends in a government shutdown.
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Archived under:
News, Finance & Economy, Budget
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February 19, 2011, 5:59 pm
By
Bridget Johnson
"It's time to quickly resolve any outstanding issues and send these agreements to Congress as soon as possible," he said.
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Archived under:
News, Trade
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February 19, 2011, 12:00 pm
By
Vicki Needham
Democrats argue that Republicans' suggested cuts to the SSA's budget are about 9.3 percent and could
lead to furloughs.
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Archived under:
News, Budget
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February 19, 2011, 2:17 am
By
Molly K. Hooper
"These are going to be the most
important two, three, four months that we’ve seen in decades,” Boehner
said.
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Archived under:
News, Budget
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February 18, 2011, 7:20 pm
By
Vicki Needham
The National Association of Federal Credit Unions (NAFCU) is pressing Republican and Democratic lawmakers to retain funding for two programs that help low-income consumers and assist in economically distressed areas. In a letter to House and Senate Appropriations Committee members on Friday, the NAFCU argued that the House's proposed continuing resolution could reduce funding for the Community Development Revolving Loan Fund (CDRLF) by 75 percent and the Community Development Financial Institutions (CDFI) Fund by 80 percent. "Low-income communities have been among the hardest hit over the course of the recession," said Fred R. Becker Jr., president and chief executive of NAFCU in the letter. "NAFCU asks that you do not intensify the hardships faced in low-income communities by reducing their access to safe and affordable financial services."
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Archived under:
Budget
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February 18, 2011, 6:20 pm
By
Bernie Becker
A taxpayer advocate is advising that Washington officials look at a recently released report on government waste as they try to put the country’s books in order.
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Archived under:
Budget
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February 18, 2011, 6:13 pm
By
Vicki Needham
States are lining up for an extra piece of high-speed rail funds as several governors refuse to accept federal stimulus dollars. Maryland Gov. Martin O'Malley wrote a letter on Friday to Transportation Secretary Ray LaHood saying that his state would gladly accept any extra funds for several major high-speed rail projects for the Northeast Corridor (NEC). Three newly elected Republican governors -- Florida's Rick Scott ($2.4 billion), Wisconsin's Scott Walker ($810 million) and Ohio's John Kasich ($400 million) -- all have rejected federal money for high-speed rail, over concerns that the states may face cost overruns. "As you know, Maryland is committed to jobs creation and economic growth," O'Malley wrote. "I believe transportation infrastructure projects including passenger rail offer a path to economic recovery and a stronger, more competitive future."
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Archived under:
Appropriations
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