| Nov 7, 2013
| 5:33 AM
WASHINGTON -- Seized mortgage finance giant Fannie Mae posted its seventh-straight quarterly profit in the July-through-September period and will pay the government $8.6 billion in dividends, bringing it close to offsetting the cost of its 2008 bailout,...
| Feb 1, 2014
| 5:14 PM
New Jersey Governor Chris Christie was greeted with audible boos and a few loud cheers during a Super Bowl-related appearance in New York City on Saturday, a day after a former appointee said the popular Republican knew about politically motivated lane...
| Feb 19, 2014
| 5:40 PM
SACRAMENTO — Gov. Jerry Brown and legislative leaders unveiled a proposed $687.4-million drought-relief package Wednesday to free up water supplies and aid Californians facing financial ruin because of the state's prolonged dry spell.
| Feb 28, 2014
| 10:21 PM
A Republican who wants to be California's governor is staking his bid on having run the $700-billion federal bank bailout — even as GOP candidates across the nation distance themselves from the highly unpopular program.
As he courts voters, former...
| Dec 9, 2013
| 8:29 PM
WASHINGTON — The federal government closed the books on the taxpayer bailout of General Motors Co., selling the remaining shares in the nation's largest automaker and taking an expected $10.5-billion loss.
The Treasury Department said Monday...
| Nov 11, 2013
| 10:02 PM
The United States is sending an aircraft carrier to the Philippines to help speed up relief efforts after a typhoon killed an estimated 10,000 people, with fears the toll could rise sharply as rescuers reach more devastated towns.
The USS George...
| Oct 1, 2013
| 2:30 PM
JEFFERSON COUNTY, Colo. -- The federal government shutdown on Tuesday has left Colorado officials scrambling to keep emergency relief and recovery operations continuing in the wake of last month's massive flooding.
Gov. John Hickenlooper announced...
| Sep 30, 2013
| 6:30 AM
PARIS -- The latest, and 20th, European "summit" meeting, held last week in Brussels, was symbolically a defeat for Germany's Angela Merkel, who agreed that Europe's permanent bailout fund could directly recapitalize certain troubled euro-zone banks after...
| Aug 19, 2013
| 8:53 AM
WASHINGTON -- Resurgent bailout recipients Fannie Mae and Freddie Mac have been avoiding billions of dollars in potential long-term losses by delaying the use of new accounting measures that would require them to write off more delinquent mortgages, a...
| Apr 2, 2013
| 7:31 AM
WASHINGTON -- Bailed-out Fannie Mae on Tuesday reported a record $17.2 billion profit for 2012, driven by the housing-market recovery and a big settlement with Bank of America related to soured mortgages during the subprime boom.
The housing finance...
| Aug 20, 2013
| 2:31 PM
WASHINGTON -- The federal government's consumer financial watchdog on Tuesday sued Morgan Drexen Inc., of Costa Mesa, alleging it charged more than 22,000 customers millions of dollars in illegal upfront fees to help them resolve outstanding debts....
| May 9, 2013
| 8:05 AM
WASHINGTON -- Bailed-out housing finance giant Fannie Mae said Thursday it would pay the U.S. government $59.4 billion after posting a record profit for the first three months of the year.
The fortunes of the company, which is 80% owned by taxpayers...