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Interest-rate shock ahead for US debt

WASHINGTON - The US government is financing its more than trillion-dollar-a-year borrowing with IOUs on terms that seem too good to be true. But that happy situation - a result of interest rates dropping to extraordinary lows, even as the government ...

From EDMUND L. ANDREWS, Boston Globe,  22 Nov 2009

Related Topics: Federal Reserve,  White House

Payback Time: Federal Government Faces Balloon in Debt Payments

WASHINGTON The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.’s on terms that seem too good to be true. Articles in this series will examine the consequences of, and attempts to deal with, growing ...

From EDMUND L. ANDREWS, The New York Times,  22 Nov 2009

Related Topics: Federal Reserve,  White House

South Korea Trade Pact Is Revived by Obama

WASHINGTON President Obama opened a potentially bruising battle within the Democratic party on Thursday when he pledged to complete a long-stalled trade agreement with South Korea that he inherited from President George W. Bush. At a news conference ...

From EDMUND L. ANDREWS, The New York Times,  19 Nov 2009

Related Topics: Barack Obama,  George W. Bush,  U.S. Democratic Party,  U.S. Congress,  Lee Myung-bak

Under attack, Bernanke studies politics

of how the Fed has been forced to scramble as its power comes under more fire than at any time in decades. Washington » With the Federal Reserve under more intense attack than at any time in decades, Ben Bernanke, the professorial chairman of the ...

From EDMUND L. ANDREWS THE NEW YORK TIMES, Salt Lake Tribune,  11 Nov 2009

Related Topics: House Financial Services Committee,  U.S. Congress,  U.S. Republican Party,  U.S. Democratic Party,  Ben Bernanke

As debate over Fed’s role grows, Bernanke girds for political fight

WASHINGTON - With the Federal Reserve under more intense attack than at any time in decades, Ben Bernanke, its professorial chairman, got a schooling last month in how to handle the increased political demands of his job. For months, he had warned - ...

From EDMUND L. ANDREWS, Boston Globe,  10 Nov 2009

Related Topics: House Financial Services Committee,  Ben Bernanke,  U.S. Republican Party,  U.S. Democratic Party,  Federal Reserve

Under Attack, Fed Chairman Studies Politics

WASHINGTON With the Federal Reserve under more intense attack than at any time in decades, Ben S. Bernanke, the professorial chairman of the central bank, was schooled last month in how to handle the increased political demands of his job. ...

From EDMUND L. ANDREWS, The New York Times,  10 Nov 2009

Related Topics: Ben Bernanke,  House Financial Services Committee,  Barney Frank,  U.S. Republican Party,  Federal Reserve

Administration Rejects Plan to Buy Fannie Mae Credits

WASHINGTON The Obama administration on Friday rejected a proposal by Goldman Sachs to buy as much as $1 billion in tax credits from Fannie Mae, saying the deal would have amounted to a net loss for taxpayers. “It is our view that the proposed sale ...

From EDMUND L. ANDREWS, The New York Times,  6 Nov 2009

Related Topics: Fannie Mae,  Goldman Sachs,  Barack Obama,  Freddie Mac

Fed Sees No Need to Raise Interest Rates Soon

WASHINGTON The Federal Reserve signaled on Wednesday that it isn’t close to raising interest rates, saying the economy remains weak even though the recession appears to be over. The central bank said it would keep its benchmark interest rate at ...

From EDMUND L. ANDREWS, The New York Times,  4 Nov 2009

Related Topics: Federal Reserve,  Ben Bernanke,  Bank of America,  Merrill Lynch

House Oversight Leader Agrees to Subpoena Documents on Mortgage Deals

WASHINGTON After resisting for weeks, the chairman of the House oversight committee said on Friday that he would subpoena documents from the Countrywide Financial Corporation about its program to offer special mortgage deals to preferred customers ...

From EDMUND L. ANDREWS, The New York Times,  23 Oct 2009

Related Topics: Edolphus Towns,  U.S. Republican Party,  U.S. Congress,  U.S. Democratic Party,  Countrywide Financial Corporation

Freddie Mac’s secrecy pacts face court test

WASHINGTON - One year after the government took over and bailed out Freddie Mac, the giant mortgage finance company, federal regulators are blocking former employees from revealing information to investors who are suing the company for fraud, lawyers ...

From EDMUND L. ANDREWS, Boston Globe,  23 Oct 2009

Related Topics: Freddie Mac,  Securities and Exchange Commission,  Fannie Mae

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