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AT&T buying T-Mobile: A disconnect for consumers

Tue, 22 Mar 2011 15:06:00 EDT

Your choice for wireless service would get smaller should AT&T carry out its plan to buy T-Mobile USA.

U.S. may strengthen identity verification system for workers

Tue, 22 Mar 2011 07:37:00 EDT

The federal government is exploring the possibility of using a credit rating giant like Equifax to verify the identity of American workers.

Obama signs short-term spending measure that includes some easy cuts

Sun, 20 Mar 2011 15:00:00 EDT

President Obama signed a new stopgap budget bill on Friday morning, keeping the federal government open until April 8. The measure passed the Senate on Thursday afternoon, and the House earlier in the week.

Obama to focus on economic issues, repairing relations in Brazil trip

Fri, 18 Mar 2011 07:50:00 EDT

He arrives for a two-day state visit before flying to Chile, then El Salvador.

U.S. stocks fall on fears of nuclear disaster in Japan

Thu, 17 Mar 2011 14:51:03 EDT

U.S. stocks fell Wednesday on escalating concerns about the damaged nuclear reactors in Japan, despite large gains in the Nikkei stock index overnight.

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Japan quake puts spotlight on aging U.S. nuclear reactors, cost of building new ones

Thu, 17 Mar 2011 11:01:03 EDT

The United States is leaning on the first generation of plants built decades ago, even as critics worry that the reactors have some dangerous weaknesses.

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U.S. takes conservative approach in response to nuclear crisis in Japan

Thu, 17 Mar 2011 07:37:00 EDT

As many countries evacuate their citizens from Japan and begin reassessing their nuclear programs, the U.S. takes a more conservative stance - urging only that its citizens stay 50 miles away from the damaged Fukushima Daiichi plant.

U.S. stocks fall despite 5.7% jump in Nikkei

Wed, 16 Mar 2011 10:44:03 EDT

U.S. stocks fell in early trading Wednesday despite large gains in Japan's Nikkei stock index overnight.

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Tricare target of Pentagon cuts as health care projected to reach $65B

Wed, 16 Mar 2011 10:31:00 EDT

Among government workers, one group enjoys lifetime health benefits virtually unmatched in the United States: military retirees.

Congressional pensions fall on high end of scale

Wed, 16 Mar 2011 10:25:00 EDT

Members receive much heftier retirement packages than most private-sector employees and state workers do.

House to vote on stopgap government spending bill as parties battle over budget cuts

Tue, 15 Mar 2011 12:24:01 EDT

WASHINGTON - Over the opposition of some conservative Republicans whose party dominates the House, the chamber is set Tuesday to pass a stopgap spending bill to keep the government open three weeks past a Friday deadline.

Liberal groups revisit effort to make 'corporate welfare' an issue in elections

Tue, 15 Mar 2011 12:00:01 EDT

Liberal groups will revisit an effort to make 'corporate welfare' an issue in upcoming elections, focusing on attacks on unions and subsidies to oil companies.

How House GOP spending cuts would add up to more spending later

Tue, 15 Mar 2011 11:14:03 EDT

If you add up what Republicans have offered since the election, the policies they've endorsed would increase deficits, but also decrease spending - at least in the short-term. But spending cuts don't always reduce the deficit. And even worse: Spending cuts don't always reduce government spending.

Media Files:

How House GOP spending cuts would add up to more spending later

Tue, 15 Mar 2011 09:19:03 EDT

If you add up what Republicans have offered since the election, the policies they've endorsed would increase deficits, but also decrease spending - at least in the short-term. But spending cuts don't always reduce the deficit. And even worse: Spending cuts don't always reduce government spending.

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Senate GOP says it will block Commerce Dept. nominee until administration submits trade deals

Mon, 14 Mar 2011 19:32:03 EDT

WASHINGTON - Senate Republicans on Monday raised the stakes in their showdown with President Barack Obama over trade policy, saying they will block the confirmation of a new Commerce secretary until the administration submits to Congress three pending free trade agreements.

Frustrated conservative Republicans balk at stopgap spending bill

Mon, 14 Mar 2011 17:13:01 EDT

WASHINGTON - Conservative Republicans on Capitol Hill began Monday to come out against a measure to keep the government running for three more weeks while the White House and Republican lawmakers seek a longer-term agreement on spending cuts.

EPA chief Lisa Jackson perpetually on Capitol Hill hot seat

Mon, 14 Mar 2011 08:20:00 EDT

House Republicans have been challenging EPA Administrator Lisa Jackson on whether carbon dioxide is a pollutant, in hearings aimed at cutting the agency's budget and curbing its ability to regulate greenhouse gases.

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GOP spending plan would cost 700,000 jobs, new report says

Sun, 13 Mar 2011 18:14:01 EDT

The independent analysis offers fresh ammunition to Democrats seeking block the Republican plan.

Obama keeps his eye on independent voters

Sat, 12 Mar 2011 23:45:05 EST

President Obama's Friday news conference did little to advance U.S. policy on Libya or clarify the White House's position on resolving the budget impasse in Congress. The president nonetheless conveyed one unmistakable impression: He is now focused intently on winning back independent voters.

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Major changes ahead for mortgage system as U.S. seeks to scale back role in housing

Fri, 11 Mar 2011 12:13:01 EST

Fundamental changes are probably ahead for the American mortgage system as the federal government pushes to unwind its unprecedented involvement in the housing market.

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Obama seeks government reorganization plans in 90 days

Thu, 10 Mar 2011 19:02:00 EST

President Obama is giving aides 90 days to find ways to overhaul federal trade and export agencies, according to senior administration officials familiar with his plans.

Dispute over Colombia pact threatens South Korea deal, Obama's trade agenda

Wed, 09 Mar 2011 22:31:00 EST

An emerging battle over a proposed free-trade agreement with Colombia is undercutting central pieces of President Obama's trade agenda, with key lawmakers urging swift enactment of a U.S.-Colombia deal even though the administration says the pact needs more work.

Senate rejects spending bills from both Republicans and Democrats

Wed, 09 Mar 2011 21:40:03 EST

The Senate on Wednesday rejected a Republican plan to sharply cut spending this year, as well as a far more modest Democratic proposal, clearing a path for negotiations toward a compromise that could streamline government without damaging critical services.

Administration accused of bypassing Congress in negotiating deal with banks

Wed, 09 Mar 2011 20:55:01 EST

Republican lawmakers on Wednesday accused the Obama administration of trying to make an end run around Congress as it negotiates a large settlement with banks involved in shoddy foreclosure practices.

Obama economic adviser adopts classroom style to explain policies

Wed, 09 Mar 2011 10:02:01 EST

In the fall, with the administration struggling to convince Americans its economic strategy was working, the White House's new media team wanted to try an old-school idea: an adviser in front of a board explaining its policy ideas, like in a classroom.

Taxpayers caught in the middle of costly Fannie lawsuit

Tue, 08 Mar 2011 20:49:04 EST

What could be worse than taxpayers paying more than $100 million to defend a shareholder-owned company and its former executives in a private lawsuit?

Gary Locke, Commerce secretary, to be nominated as ambassador to China

Mon, 07 Mar 2011 23:59:00 EST

President Obama will nominate Commerce Secretary Gary Locke as the next U.S. ambassador to China, senior administration officials said late Monday, continuing a game of musical chairs that has shuffled top administration officials at the start of the second half of Obama's term.

'Gang of 6' senators launch public campaign to support deficit reduction

Tue, 08 Mar 2011 00:43:00 EST

RICHMOND - While Washington bickers noisily over cutting a small slice of the federal budget, Sens. Mark Warner, a Virginia Democrat, and Saxby Chambliss, a Georgia Republican, launched a campaign Monday to convince the public that merely cutting spending will do little to tame the $14 trillion ...

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David Walker, the prophet of deficit doom, and his sermon to save America

Mon, 07 Mar 2011 21:47:03 EST

IN ATLANTA "I have a lot of nicknames," David M. Walker says.

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Why Egypt has to be the U.S. priority in the Middle East

Mon, 07 Mar 2011 00:00:00 EST

What Egyptians most want from the U.S. is smart, targeted and timely assistance.

Obama officials, attorneys general closer to possible deal with banks in foreclosure mess

Fri, 04 Mar 2011 06:51:00 EST

Senior Obama administration officials, newly joined by state attorneys general, were on the brink Thursday of finalizing major elements of a possible settlement with large U.S. banks accused of flawed and fraudulent foreclosure practices, sources familiar with the discussions said.

White House proposes $6.5 billion more in spending cuts

Fri, 04 Mar 2011 00:00:00 EST

The White House proposed Thursday to trim an additional $6.5 billion from federal programs this year as Vice President Biden opened talks with congressional leaders aimed at funding the government through Sept. 30 and averting a shutdown.

Block grants could face major cuts as federal funds to fight poverty tighten

Thu, 03 Mar 2011 21:36:04 EST

Community development block grants have been a vital source of federal anti-poverty money for decades, supporting affordable housing, job training and an array of other programs serving low-income communities.

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Lacking passports, travelers frozen in place; District's tourism industry says it is losing millions and temporarily laying off workers

Thu, 03 Mar 2011 14:58:00 EST

From The Washington Post archives Published: January 4, 1996, Thursday, Final Edition. In Los Angeles, Jose Hernandez is desperate to get to El Salvador to visit his gravely ill mother. In Chicago, Fred Etter risks losing an assignment in London for his software company. And in McLean, Va., Mark ...

Here we go again; For a second time, federal workers turn around and head back home

Thu, 03 Mar 2011 11:53:01 EST

From The Washington Post archives Published: December 19, 1995, Tuesday, Final Edition Tens of thousands of federal employees streamed from government office buildings around the region before noon yesterday, the first disrupted workday in an ugly reprise of the last shutdown less than a month ag...

Impasse Puts Some Lives on Hold; Workers Being Recalled to Prevent Huge Backlog in Service Requests

Thu, 03 Mar 2011 11:21:01 EST

From The Washington Post archives Published: November 17, 1995, Friday, Final Edition

Obama invites congressional leaders to meet with Biden on budget

Wed, 02 Mar 2011 22:41:01 EST

President Obama on Wednesday intervened in a partisan brawl that threatens to shut down the government, inviting congressional leaders of both parties to sit down with Vice President Biden and work out a compromise to fund federal programs through the end of the fiscal year.

House may kill Obama's foreclosure-prevention programs

Wed, 02 Mar 2011 21:52:00 EST

The Obama administration's main initiative to help struggling borrowers avoid foreclosure could soon be killed in the House, where many Republican lawmakers have complained about the program's lackluster results.

Federal agriculture, education programs among first to face budget cuts

Wed, 02 Mar 2011 20:25:00 EST

These, apparently, were the worst ideas in Washington.

White House has plan to increase sales of vacant, underused federal buildings

Wed, 02 Mar 2011 20:19:01 EST

The Obama administration plans to shed thousands of vacant or underused federal buildings in coming years and hopes to recruit outside help to determine which office towers, courthouses and warehouses the government no longer needs.

Obama signs short-term spending bill, averting federal shutdown

Wed, 02 Mar 2011 17:44:00 EST

President Obama on Wednesday signed a stopgap measure that will keep the federal government funded through March 18, averting a shutdown for two more weeks while congressional leaders head to the White House to broker a longer-term deal.

U.S. defense leaders warn of no-fly-zone risks

Wed, 02 Mar 2011 00:18:00 EST

U.S. defense leaders expressed caution Tuesday about military intervention in Libya, warning that enforcement of a no-fly zone would require scarce air assets, domestic political approval and international authorization.

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Federal support for home loans essential, Geithner warns

Tue, 01 Mar 2011 22:39:00 EST

The Treasury secretary said that government should continue to back low-down-payment loans for first-time home buyers.

Government shutdown avoided for now, with a two-week funding extension

Wed, 02 Mar 2011 00:00:00 EST

House and Senate leaders on Tuesday bought themselves a little more time in their efforts to avoid a government shutdown, agreeing to a two-week funding extension that also includes $4 billion in spending cuts.

Supreme Court ruling: No 'personal privacy' for corporations

Tue, 01 Mar 2011 20:51:03 EST

Corporations have no right to "personal privacy" when it comes to government records requested under the Freedom of Information Act, a unanimous Supreme Court ruled Tuesday.

Government overlap costs taxpayers billions, GAO reports

Tue, 01 Mar 2011 20:18:01 EST

With Congress and the White House set to debate the merits of massive spending cuts, federal auditors have identified hundreds of overlapping government offices and programs that if merged or eliminated could save taxpayers billions of dollars.

Federal workers union gathers uneasily for conference

Tue, 01 Mar 2011 20:17:01 EST

Rep. Gerald E. Connolly (D-Va.) kicked off the annual gathering of the National Treasury Employees Union on Tuesday with a call to federal workers to "gird yourself for battle" against Republican-led attacks on their ranks.

Obama offers states more flexibility in health-care law

Tue, 01 Mar 2011 09:33:00 EST

President Obama sought to defuse criticism of the new health-care overhaul Monday by saying he is willing to give states an earlier opportunity to opt out of certain key requirements - but only if they can find their own ways to accomplish the law's goals.

Poll: Blame for possible government shutdown is divided

Tue, 01 Mar 2011 00:24:00 EST

Americans are divided over who would be to blame for a potential government shutdown, with large numbers saying Republicans and President Obama are playing politics with the issue, according to a new Washington Post poll.

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India announces changes in subsidies, will hand out cash to its poor

Mon, 28 Feb 2011 20:02:05 EST

IN NEW DELHI Clutching the yellow card that is proof of her impoverished status, Kapuri Munna lines up at a small corner store every week to buy low-cost food grains and kerosene that the government sets aside for the poor.

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U.S. freezes Libyan assets, takes steps to aid refugees

Mon, 28 Feb 2011 16:37:00 EST

GENEVA - U.S. and Europeans leaders took new steps Monday to tighten the noose on Libya's besieged government, with the U.S. Treasury announcing the freeze of $30 billion in Libyan assets.

Publicly accessible product safety database hits House roadblock

Sun, 27 Feb 2011 20:27:00 EST

The first-ever government database of product safety complaints, which is scheduled to go public in two weeks, could be scrapped as a result of a budget amendment offered by a freshman member of the House.

Congress on course to avert a shutdown

Sun, 27 Feb 2011 18:27:02 EST

Senate Democrats tentatively embrace a GOP plan to immediately cut $4 billion in federal spending.

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Obama has few options to aid strapped states

Sun, 27 Feb 2011 18:33:00 EST

The budget crisis facing many states is threatening to undermine key elements of President Obama's agenda, but with Republicans in control of the House and widespread concern over the federal deficit, he has few options to make a significant difference.

Our modern twist on the old world political death spiral

Sat, 26 Feb 2011 18:54:00 EST

The events unfolding in the Arab world over the past month offer some hope that democracy, freedom and the rule of law may finally be taking root in the sandy political soil of that part of the world.

Jacob Lew returns to work on fixing nation's finances, again

Fri, 25 Feb 2011 19:59:03 EST

At 27, Jacob J. Lew helped save Social Security. At 41, he helped cut a deal to balance the federal budget. During the Clinton administration, he became the only White House budget director in a generation to banish deficit spending. In a city suddenly crawling with would-be deficit-busters, even so

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Former treasurer of mortgage firm pleads guilty to fraud

Fri, 25 Feb 2011 00:19:00 EST

The former treasurer of one of the country's largest mortgage firms - Taylor, Bean & Whitaker - pleaded guilty Thursday in U.S. District Court in Alexandria to charges of participating in a $1.9 billion fraud scheme.

Senate Democrats draft spending cuts

Thu, 24 Feb 2011 20:20:00 EST

With a political standoff over spending threatening to trigger a federal shutdown next week, Senate Democrats began drafting a plan Thursday to slice billions of dollars from domestic agency budgets over the next seven months, yielding to Republican demands to reduce the size of government this y...

Federal agencies, contractors preparing for government shutdown

Wed, 23 Feb 2011 20:13:01 EST

Federal agencies continued reviewing shutdown plans Wednesday in anticipation of a possible closure of the federal government that could begin as early as next week.

Wisconsin is only part of the GOP war against unions

Wed, 23 Feb 2011 00:00:00 EST

The Republican war on unions goes far beyond Wisconsin.

In aftermath of shooting, rising skepticism about American presence in Pakistan

Tue, 22 Feb 2011 23:57:02 EST

ISLAMABAD, PAKISTAN - Raymond Davis, the American CIA contractor jailed in the fatal shooting of two Pakistani men last month, has quickly assumed the role of Pakistan's public enemy No. 1. But not far behind him are those who have come to be known as "Raymond Davises."

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Federal agencies preparing for shutdown, White House says

Tue, 22 Feb 2011 18:51:03 EST

Federal agencies are preparing to operate at reduced levels if a government shutdown occurs, but the Obama administration hopes to strike a deal with congressional Republicans to avoid one, the White House said Tuesday.

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What might happen if federal government shuts down again

Sun, 20 Feb 2011 23:32:02 EST

If a government shutdown occurs, military benefits checks might not be issued, passports would not be processed and elephant dung could pile up at the National Zoo.

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Several big donors to Hillary Clinton now facing criminal allegations

Sat, 19 Feb 2011 19:24:00 EST

The indictment of a top Northern Virginia fundraiser last week is the latest in a series of criminal cases that have ensnared campaign donors to Hillary Rodham Clinton, who relied heavily on wealthy bundlers in her failed 2008 bid for the presidency.

Jim Jordan: House Republicans' eager budget cutter

Sun, 20 Feb 2011 00:00:00 EST

The wrestling room at Graham High School in St. Paris, Ohio, where Jim Jordan , now 47, began the athletic career that took him to the University of Wisconsin and two NCAA wrestling championships, contains this sign: "Discipline is doing what you don't want to do when you don't want to do it."...

Congress, Obama brace for showdown as government shutdown looms

Sun, 20 Feb 2011 00:21:00 EST

The prospect of a government shutdown appeared more possible Saturday after the House passed a budget measure in the pre-dawn hours that cuts $61 billion - and was immediately rejected by Senate Democrats and President Obama.

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Looking dictators in the pocketbook

Sat, 19 Feb 2011 00:00:00 EST

Four days after the Tunisian people overthrew their dictator, Zine el-Abidine Ben Ali, the Swiss government ordered its banks to seize Ben Ali's suspiciously acquired funds. A few days after that, the European Union froze Ben Ali's assets in Europe.

Fed Chairman Ben Bernanke says U.S. policy isn't causing global financial woes

Fri, 18 Feb 2011 21:26:01 EST

Federal Reserve policy isn't to blame for the steep inflation and other woes affecting developing nations, the central bank's chairman, Ben S. Bernanke, said Friday as he tried to rebut a rising chorus of criticism of the Fed's easy-money policies from abroad.

Democrats join GOP in voting to block tighter regulation of for-profit schools

Fri, 18 Feb 2011 20:04:00 EST

Dozens of House Democrats, including the party leader, joined with Republicans Friday in a vote to block an Obama administration plan to tighten federal regulation of trade schools and colleges operated for profit.

The Navigator: Will this be the year for passengers' rights?

Thu, 17 Feb 2011 15:22:01 EST

The travel industry doesn't exactly have a sterling reputation for keeping its promises.

Reading the 2012 budget like a map to government employment

Wed, 16 Feb 2011 23:26:00 EST

It's ironic that the president released his 2012 budget on Valentine's Day. In this long love letter to the country, President Obama said to the federal government, "Baby, I love you, but we are going to have to make some changes."

Obama budget plan shows interest owed on national debt quadrupling in next decade

Thu, 17 Feb 2011 01:59:00 EST

Interest payments on the national debt will quadruple in the next decade and every man, woman and child in the United States will be paying more than $2,500 a year to cover for the nation's past profligacy, according to figures in President Obama's new budget plan.

Republicans blast Obama budget but signal willingness to work with Democrats

Wed, 16 Feb 2011 00:00:00 EST

One day after President Obama submitted his budget request for fiscal 2012 to Capitol Hill, congressional Republicans assailed the document as too weak on spending. But they also signaled an openness to working with Democrats to solve the nation's financial problems.

GAO report adds Interior Department's oversight of oil and gas leases to high-risk list

Tue, 15 Feb 2011 22:07:01 EST

Concerns about how the Interior Department manages the nation's oil and gas resources have earned it a spot on a closely watched list of the government's most at-risk offices and programs.

Histrionics will only cloud budget debate

Tue, 15 Feb 2011 19:16:01 EST

Imagine that a year ago the president had proposed to begin dealing with the government's budget deficit, and the urgent need for infrastructure investment, by raising the federal gas tax by 60 cents a gallon, from its current level of 18.5 cents. One can only imagine the howls of protest and con...

Obama defends budget's deficit-cutting measures

Tue, 15 Feb 2011 16:15:00 EST

President Obama strongly defended his $3.7 billion blueprint for federal spending in a news conference on Tuesday, rejecting criticism that he should have proposed a more specific plan to reduce the long-term budget deficit.

Opinion Focus with Eugene Robinson

Tue, 15 Feb 2011 13:00:00 EST

Washington Post columnist Eugene Robinson will be online to discuss his recent columns and the latest news.

Obama's proposed budget for fiscal 2012 focuses on education, energy, research

Tue, 15 Feb 2011 00:36:00 EST

President Obama submitted a budget blueprint for fiscal 2012 on Monday full of surgical cuts and cautious trade-offs to lawmakers clamoring for bold action to reduce government spending and control a budget deficit expected to rise to a record $1.6 trillion this year.

Business community blasts Obama's budget proposal

Tue, 15 Feb 2011 00:00:00 EST

After months of trying to set a new, friendlier tone with the business community, President Obama announced a budget plan Monday that includes old proposals that have inflamed corporate America.

Obama budget good to D.C., but national cuts could hurt

Mon, 14 Feb 2011 22:05:00 EST

President Obama's proposed fiscal 2012 budget protects many District programs from the federal budget ax, but Republicans are threatening to cut spending in some of the areas - including Metro, the courts and school improvements, local officials said Monday.

Breakdown of budgets' big numbers

Mon, 14 Feb 2011 20:31:01 EST

There are a lot of big numbers being tossed around in Washington these days: a $3.7 trillion budget proposal, $61 billion in cuts, a $14.3 trillion debt ceiling. Below is a breakdown of what they represent.

Obama's budget would maintain federal workers' pay freeze

Mon, 14 Feb 2011 20:05:03 EST

President Obama's proposed 2012 budget recommends a 1.6 percent pay increase for members of the military but keeps intact a two-year pay freeze for civilian federal employees.

Congress turns budget-cutting knife on itself

Mon, 14 Feb 2011 19:48:03 EST

House Republicans are trying to send the message that the entire government needs to slim down. How much weight can Congress itself afford to lose?

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Obama budget projects record $1.6 trillion deficit

Mon, 14 Feb 2011 16:26:02 EST

President Obama rolled out a $3.7 trillion budget blueprint Monday that would trim or terminate more than 200 federal programs next year and make key investments in education, transportation and research. The plan is aimed at boosting the nation's economy while reducing record budget deficits.

Marc Goldwein takes your questions on the federal budget

Mon, 14 Feb 2011 12:30:00 EST

The Committee for a Responsible Federal Budget's Marc Goldwein takes your questions about the proposed federal budget, which will be announced Monday, Feb. 14.

Obama spending plan criticized for avoiding deficit commission's major proposals

Mon, 14 Feb 2011 02:06:00 EST

President Obama drew fire Sunday from congressional Republicans and independent budget experts for his reluctance to advance a plan that would tackle the nation's biggest budget problems in the spending blueprint he will submit to Congress on Monday.

High-speed rail is a fast track to government waste

Mon, 14 Feb 2011 00:00:00 EST

Federal support for high-speed rail is a waste.

How America is doing compared to the rest of the world

Sun, 13 Feb 2011 00:00:00 EST

In the past month, President Obama has pressed the autocratic president of our most important Arab ally to heed the demands of his people and step down, established a workman-like relationship with China's president, and delivered a State of the Union address that sought to "win the future." Take...

Obama to propose spending cuts in budget plan aimed at countering conservatives

Sun, 13 Feb 2011 00:02:00 EST

President Obama will respond to a Republican push for a drastic reduction in government spending by proposing sharp cuts of his own in a fiscal 2012 budget blueprint that aims to trim record federal deficits by $1.1 trillion over the next decade.

Federal investigators expose vast web of insider trading

Sat, 12 Feb 2011 15:13:03 EST

At about 2 a.m. on a November night, a former hedge fund manager named Donald Longueuil allegedly left his apartment in Manhattan with fragments of chopped-up hard drives tucked in his jacket. He walked through the darkened city tossing the pieces in the backs of garbage trucks - four of them, to...

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Ex-senator Gordon Smith now represents broadcasters as voice for free, local TV

Sat, 12 Feb 2011 15:10:05 EST

Gordon Smith believes few things are more American than a square meal with peas, carrots and corn. Of course the former senator from Oregon may be biased, since his family supplies much of the nation's frozen veggies.

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Administration proposals to overhaul federal housing role draw fire from left

Sat, 12 Feb 2011 01:25:00 EST

Some of the President Obama's traditional allies argued that proposals in the newly released report could make it too costly for many Americans to buy a home.

Obama administration proposals to reduce federal role in housing market

Fri, 11 Feb 2011 23:46:02 EST

The Obama administration is pressing to scale back the federal government's role in the mortgage market. On Friday, it presented Congress with several proposals that would raise the costs of federally backed loans, a move designed to help the private sector better compete with Fannie Mae, Freddie...

U.S. files two new trade cases against China with WTO

Fri, 11 Feb 2011 20:13:01 EST

The Obama administration said Friday that it had launched two new appeals against China to the World Trade Organization as new data showed the trade gap between the two countries rose to a record level last year.