A slump in government-backed mortgage securities that’s sent yields to the highest level since May is threatening a recovery in the U.S. housing market, which had been bolstered by record-low borrowing costs.
Yields on Fannie Mae-guaranteed securities that most affect loan rates jumped as high as 4.21 percent today, an increase [...]
Posts Tagged ‘barack obama’
Mortgage-Bond Slump ‘Won’t Be Fun’ for Housing: Credit Markets
December 13th, 2010 by Financial Writer
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more...Government plans three new measures to bolster economy
December 6th, 2010 by Financial Writer
Canada’s Conservative government will introduce three new measures in coming weeks to bolster the country’s economy”>
Christopher Furlong/Getty Images
Canada’s Conservative government will introduce three new measures in coming weeks to bolster the country’s economy
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Paul Vieira, Financial Post · Thursday, Sept. 16, 2010
The federal Conservative government plans to introduce three new measures in the coming weeks aimed [...]
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Consumer spending lifts U.S. growth
November 17th, 2010 by Financial Writer
U.S. economic growth edged up as expected in the third quarter, but not enough to chip away at high unemployment or change perceptions of more monetary easing from the Federal Reserve next week.
Gross domestic product expanded at a 2.0% annual rate as consumer spending rose at its quickest pace since 2006 and businesses continued to [...]
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It’s still the economy
July 20th, 2010 by Financial Writer
President Barack Obama, working with Democratic majorities in the House and Senate, accomplished many of the priorities on which he campaigned. Yet most every political observer expects the Democrats to lose seats in the November House and Senate elections, perhaps many of them.
The explanation derives from the fact that many voters supported Mr. Obama, and [...]
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U.S. economy added 290,000 jobs in April
May 7th, 2010 by Financial Writer
Jobless rate rises to 9.9 percent as size of labor force increased
WASHINGTON - U.S. employment grew at the fastest pace in four years in April as private sector businesses ramped up hiring, showing the labor market recovery gaining steam.
Employers added 290,000 jobs in April, the Labor Department said Friday, far more than analysts had expected. [...]
Tags: barack obama, businesses, financial markets, Global Economy, stock market, unemployment rate, us economic recovery, us economy, us employment, us job market, USA
IMF studies levy on banks based on their risk to global economy
April 19th, 2010 by Financial Writer
The International Monetary Fund is studying a possible levy on banks based on their importance and “interconnectedness” to the world economy, part of its push for a coordinated global response to the financial crisis amid concern about the scattershot nature of proposals being offered in different countries.
Elements of the idea, which would force financial institutions [...]
Tags: barack obama, economic recovery, economy, financial crisis, financial markets, Global Economy
Obama advocates offshore drilling to boost economy, jobs
March 31st, 2010 by Financial Writer
Reversing its previous stance, the Obama administration is proposing that offshore oil and gas drilling be allowed along parts of the Atlantic coast, the eastern portion of the Gulf of Mexico and in 130 million acres in the Arctic Ocean north of Alaska.
According to estimates from the Mineral Management Services of the [...]
Tags: barack obama, business, economic recovery, economists, investors, USA
Obama proposes measures to shore up small businesses
February 6th, 2010 by Financial Writer
US President Barack Obama called Saturday for new steps to support America’s small businesses, saying they are key to rebuilding the economy on a new, stronger foundation and creating jobs.
“These companies represent the essence of the American spirit - the promise that anyone can succeed in this country if you have a good idea and [...]
Tags: barack obama, business lending, loans, small businesses, us president
Obama budget: Record spending, record deficit
February 2nd, 2010 by Financial Writer
Spelling out painful priorities, President Barack Obama urged Congress on Monday to quickly approve a huge new shot of spending for recession relief and job creation, part of a record $3.8 trillion budget that would boost the deficit beyond any in the nation’s history while only slowly beginning to put Americans back to work.
If Congress [...]
Tags: banks, barack obama, recession, record deficit, record spending, unemployment
Obama unveils $3.83T budget with massive deficits
February 1st, 2010 by Financial Writer
President Barack Obama sent Congress a $3.83 trillion budget on Monday that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs.
The deficit for this year would surge to a record-breaking $1.56 trillion, topping last year’s then unprecedented $1.41 trillion [...]
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