| Aug 6, 2013
| 7:29 PM
PHOENIX — President Obama on Tuesday got behind a bipartisan push to replace housing finance giants Fannie Mae and Freddie Mac with a new government approach to mortgage guarantees, criticizing a system that let bailed-out firms profit while...
| Aug 16, 2013
| 6:49 PM
WASHINGTON — You may have seen two sets of news reports recently that didn't quite add up: First, President Obama called for the liquidation of Fannie Mae and Freddie Mac, the country's largest providers of funds for home mortgages. Then, Fannie Mae...
| Oct 2, 2013
| 4:26 PM
WASHINGTON — To Wall Street, the partial government shutdown is another unfortunate economic speed bump caused by partisan political fighting.
Failure to raise the debt limit, triggering a first-ever federal default, would be a brick wall on the...
| Jul 17, 2013
| 9:53 AM
WASHINGTON -- Federal Reserve Chairman Ben S. Bernanke on Wednesday admitted there has been some confusion as the central bank has tried to explain plans to scale back its stimulus policies, but said he thought financial markets were "beginning to...
| Dec 8, 2012
| 4:52 PM
The fiscal cliff will take center screen on Sunday morning talk shows. The guest lineup: Alan Simpson and Erskine Bowles, co-chairs of President Barack Obama's deficit commission, visit CBS' “Face the Nation.” The program airs at 10:30 a.m. on...
| Apr 26, 2013
| 5:10 PM
Rep. Jeb Hensarling, R-Texas, chairman of the Financial Services Committee, has told Richard Cordray not to bother. This is part of the recent evidence that government is getting some adult supervision.
Barack Obama used a recess appointment to make...
| Nov 21, 2011
| 9:07 AM
President Obama appears determined to publicly keep his distance from the congressional super-committee and its failure to put forward a deficit-reduction plan, despite Republican efforts to shift blame to his end of Pennsylvania Avenue.
In his first...
| Nov 20, 2011
| 8:43 AM
The co-chairs of the congressional "super committee" seemed doubtful the panel would reach a deficit-reduction accord by Monday's deadline, each blaming the other party's unwillingness to budge on the contentious issues of taxes and entitlement spending....
| Nov 21, 2011
| 1:50 PM
Unable to break the partisan stalemate over taxes and Medicare, the congressional "super committee" came to a quiet close as the co-chairs issued a statement saying no deal could be reached by the panel's deadline.
"We have come to the conclusion today...
| Nov 27, 2011
Here's an assessment from the Republican co-chairman of Congress' unfortunate "super committee" of why the bipartisan panel failed to produce a deficit reduction plan last week:
"We could not bridge the gap between two dramatically competing visions of...
| Sep 22, 2011
Pity the poor "super committee." Congress' special task force on the deficit already had a mission that looked nearly impossible: producing a plan to reduce the federal government's fiscal gap by $1.2 trillion over 10 years. And then the job got harder....
| Nov 22, 2011
| 4:36 PM
Super committee gives up on coming to a compromise on how to reduce the deficit and solve the nation's debt crisis. There is finger pointing along with shrugs and jokes about the super committee: Demi and Ashton could have done better?...