Today the House passes a new bill that will bring reform to the credit card industry. The new Credit Card Reform bill, set to be signed into law by President Obama before Memorial Day, will have a huge impact on the credit industry. The bill, written by Banking Committee Chairman Christoper Dodd (D-Conn.), [...]
The rate of foreclosures decreased by about 10% in January 2009 from the prior month, December 2008. The rate of foreclosures is still up almost 18% from January 2007. So what is President Obama and Congress doing to recover the housing market and slow down the foreclosures? The recently passed legislatures is supposed to do [...]
Since the American Recovery and Reinvestment Act of 2009 was passed into law on February 17, 2009, much speculation has risen about whether or not the 2009 stimulus package will work on recovering the US economy. Since Barack Obama began putting together plans to stimulate the economy and create more jobs, critics have been taking [...]
Despite the opposition from the majority of Senate Republicans, the Democrats and the Bush White House have pushed for a $14 Billion bailout of the big 3 auto makers in the US. The emergency loan program will require the auto makers to restructure their businesses and become viable in the auto industry. One [...]
