The sloppy lending habits that brought the recession on in the first place seem to be on their way back as sub-prime loans are getting more popular every day.
Democrats in Washington are catching on to the idea that they can’t capitulate to an extension of Bush-era tax rates for the rich without at least demanding something in return, and an extension of federal unemployment benefits, set to expire…
To some, stimulus money has been a godsend. To others, it has been an overreaching waste of taxpayer money. One thing that is hard to argue, though, is that it has pumped billions of dollars into the Colorado economy.
In a new paper released Wednesday, entitled “How the Great Recession Was Brought to an End,” prominent economists Alan Blinder and Mark Zandi say the stimulus, stress tests, emergency Federal Reserve maneuvers and Troubled Asset Relief Program saved the…
Tonight, after waiting 30 hours for a cloture vote, the Senate reauthorized the federal extension of unemployment benefits — moving one step closer to restoring unemployment insurance to 2.6 million American workers. Tomorrow, the bill needs four or five…
Employment numbers are down in the 4th Congressional District, but not as far down as the rest of the state or the country, according to Coloradoan Editor Bob Moore.
Analyzing the jobs report for 2009, Moore predicted with job…
Today, Sen. Debbie Stabenow (D-Mich.) plans to introduce a standalone bill to continue federally extended unemployment insurance benefits. The major federal jobs bill, also known as H.R. 4213, included the unemployment extension along with a number of other…
The economy added 431,000 jobs last month, dropping the national unemployment rate from 9.9 percent to 9.7 percent, the Department of Labor Statistics announced this morning.
But Republicans, who a month ago were saying that they’d recognize progress…
The South Carolina Republican announced today that he’s hoping to amend the finance reform bill working its way (slowly) across the Senate floor with a provision requiring the Department of Homeland Security to erect 700 miles…
The case is now famous. The homeowner had applied for the Home Affordable Mortgage Program, or HAMP, an Obama administration initiative to give distressed and tapped-out borrowers lower monthly payments. But this “HAMPlicant,” the writer on the blog Calculated Risk noted, had given up on a $1,880 a month mortgage and spent hundreds of dollars instead at a spa, tanning salon, gourmet grocery store and liquor store, capping it all off with $1,700 in charges to mall stores from Baby Gap to Best Buy. She’s what bloggers are calling a “foreclosure queen.”
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