Currently one of the largest problems that President Obama faces is how to solve the problem with toxic assets.
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Today President Barack Obama lashed out at AIG for the $165 million in bonuses issued to top executives and other employees saying that it was an “inappropriate use of taxpayer funds.”
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Experts estimate that out of the 9 million American homeowners that President Barack Obama’s mortgage modification plan is targeting only about half will actually receive relief.
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The Gross domestic product numbers were released today and the numbers fell further than expected for the fourth quarter of last year.
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Both Fannie Mae and Freddie Mac have sent 90,000 letters to borrowers who have missed at least three payments, which offered for them to participate in a streamlined loan modification plan that was announced in November.
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President Barack Obama plans to announce details of a financial stability program and measures to revive the U.S. economy at a joint session of Congress tonight around 9 p.m. Eastern time.
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President Barack Obama announced last week a new $75 billion housing bill that will bail out some of the people that are suffering the most from the housing crisis.
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With all of the changes we have seen from Congress with the economic stimulus package what should you be expecting now that it’s on the way to President Obama for his signature?
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The Senate finally passed it’s now $838 billion economic stimulus package today with a 61 to 37 vote with only 3 Republicans voting for it.
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President Barack Obama has to fight his first major battle with Congress over the economic stimulus plan.
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