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Tough Questions in Face of Future TARP Spending

RISMEDIA, February 9, 2009-(MCT)-Treasury Secretary Timothy Geithner is expected to issue a report this week describing plans to spend the remaining $350 billion of a federal rescue program aiming to stabilize the economy and aid troubled financial institutions. But...

Bankrate – Mortgage Rates Follow Treasury Yields Higher

RISMEDIA, February 6, 2009-Mortgage rates rebounded from one week ago, with the average 30-year fixed mortgage rate now 5.70%. According to Bankrate.com’s weekly national survey, the average 30-year fixed mortgage has an average of 0.35 discount and origination...

Democrats Lose Senate Vote to Add $25 Billion to Stimulus

RISMEDIA, February 5, 2009-(MCT)-The Senate refused on Tuesday to pump an additional $25 billion into road, transit and water projects in its economic stimulus package, but it approved a tax break for car buyers, as lawmakers struggled for ways to craft a bipartisan...
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