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  February 22, 2011, 10:39 am

Housing prices continue to fall in December

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

Consumer bureau architect Warren courts GOP, private sector

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

Time ticks on launching tax reform effort in weeks-old Congress

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

Presidents Day recess time for a messaging war on spending cuts

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

Baucus to Colombia next week to try to jump-start free trade agreement

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

Dems, GOP continue sparring over cuts to Social Security admin

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

Boehner: Stopgap funding measure details will be ready 'soon enough'

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

Credit union group asks lawmakers to preserve program funding

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

Taxpayer advocate compliments GAO waste report

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

Maryland another state after rejected high-speed rail funds

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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