September 30, 2008
By John Waggoner, Sue Kirchhoff and Barbara Hagenbaugh, USA TODAY
They met. They argued. They wheeled and dealed.
Now Congress has a tentative agreement on how to bail out the nation's financial system, and leaders are promising approval by midweek.
The $700 billion question: Will it work?
Full Story
Tuesday, September 30, 2008
US home prices could fall further if lawmakers fail to pass bailout plan
September 29, 2008
Alan Zibel
WASHINGTON (AP) - The recession in the U.S. housing market is expected to be deeper, longer and scarier if lawmakers continue to be deadlocked in their effort to pass a $700 billion bailout of the financial industry.
"If they don't do something, they're going to shut down real estate completely," said Richard Shuman, a real agent and mortgage broker near Orlando, Fla., who has seen his business dry up over the past week as the nation's financial system was gripped by paralysis.
The situation is dicey enough to make anyone thinking of buying a home queasy.
Full Story
Alan Zibel
WASHINGTON (AP) - The recession in the U.S. housing market is expected to be deeper, longer and scarier if lawmakers continue to be deadlocked in their effort to pass a $700 billion bailout of the financial industry.
"If they don't do something, they're going to shut down real estate completely," said Richard Shuman, a real agent and mortgage broker near Orlando, Fla., who has seen his business dry up over the past week as the nation's financial system was gripped by paralysis.
The situation is dicey enough to make anyone thinking of buying a home queasy.
Full Story
Consumers in gloomy mood on cusp of holiday season
September 30, 2008
By Ane D'Innocenzio
NEW YORK - With the holiday shopping season about to start, consumer confidence is hovering near the lowest it's been since President Bush's father was commander in chief. It may dip more as Americans open their 401(k) statements and see how much they've lost in the last few weeks.
The Conference Board said Tuesday that its Consumer Confidence Index is now at 59.8. That's up slightly from a revised 58.5 in August and higher than analysts expected.
Full Story
By Ane D'Innocenzio
NEW YORK - With the holiday shopping season about to start, consumer confidence is hovering near the lowest it's been since President Bush's father was commander in chief. It may dip more as Americans open their 401(k) statements and see how much they've lost in the last few weeks.
The Conference Board said Tuesday that its Consumer Confidence Index is now at 59.8. That's up slightly from a revised 58.5 in August and higher than analysts expected.
Full Story
Thursday, September 4, 2008
Preston Announces Disaster Assistance for Louisianna
Foreclosure protection offered to displaced families in 34 Parishes
WASHINGTON - U.S. Housing and Urban Development Secretary Steve Preston today announced a foreclosure moratorium in 34 parishes throughout Southern and Central Louisiana and offered support to homeowners and low-income renters forced from their homes following Hurricane Gustav. This foreclosure relief will help families living in presidentially declared disaster areas whose damaged homes are insured through the Federal Housing Administration (FHA).
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