Congress

FHFA Explores Fannie Mae, Freddie Mac Receivership Plan

The future of Fannie Mae and Freddie Mac, the two government-controlled entities that guarantee around 60 percent of the U.S. mortgage market, remains uncertain, but their federal regulator is requesting a plan to wind them down and sell their assets.

Fighting For ‘Downton Abbey’: PBS Prez Blasts Proposed Funding Cuts

PBS receives about 15 percent of its total funding from the federal government, but that percentage is higher in rural areas where viewer support is lower. On July 17, House Republicans unveiled a spending bill that would eliminate funding for public television and its radio companion, NPR.

US’s Tepid GDP Growth Requires More Action To Increase It

Investors can monitor five stats to obtain a reading on the U.S. economy’s strength. Currently, these stats show a slowdown in U.S. GDP growth, which is why Congress should do more to create jobs and help increase the economy’s growth rate.

Strong Corporate Earnings Lift US Stock Futures

U.S. stock index futures point to a higher opening Thursday as corporate earnings reported for the second quarter exceeded expectations, indicating that business conditions are on the path of revival.

Rajesh Khanna Dies: Best Images Of Bollywood's First Superstar [PHOTOS]

Indian actor Rajesh Khanna, who starred in more than 160 films over the course of his 46-year career, died at his family home in Mumbai on Wednesday. He was 69. Khanna made a name for himself in the 1960s and 1970s just as Bollywood was coming into its own; during his heyday, he was often cast as the romantic lead. Of his 163 total films, he was the lead protagonist in 128 of them.

Grassroots Group Tries To Bypass Fiscal Cliff

As Washington struggles to address America's intensifying fiscal woes, it is getting help from an independent and growing brigade of budget experts, business tycoons and civic leaders.

Asian Stocks Decline After Bernanke Comments

Asian stock markets were mostly lower Wednesday as the lack of explicit hints about further quantitative easing from Fed Chairman Ben Bernanke during his congressional testimony disappointed investors.

Head Faking The 2012 Farm Bill

With last week's hubbub over Condoleezza Rice as possible veep, you may have missed how a House Republican group took legislative action to increase government subsidies to the one percent.

Copper Is 'Slightly Overvalued': Barclays

Copper prices have outperformed the overall metals market as traders have closed short selling in expectation of government intervention to boost growth, but the metal may still be slightly overvalued, according to a Monday report by Barclays.

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