Bush to outline subprime initiative
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President George W. Bush will propose reforms on Friday intended to help homeowners with subprime mortgages avoid default, his first public step to address a crisis that has created turmoil in financial markets around the world.
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President George W. Bush and leaders of the Democratic-led Congress vowed on Tuesday to move quickly to work out the details of a $150 billion stimulus package for the U.S. economy, as fears of a recession prompted a sell-off in global financial markets.
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President Bush will outline principles aimed at making an immediate impact on the lagging economy and sluggish consumer spending, the White House said Friday.
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WASHINGTON - Amid signs that the economy is cooling, President Bush is showcasing initiatives for a second term under the banner of an "ownership society" in hopes of bolstering his economic stewardship credentials.    His platform includes initiatives to help people buy homes, start businesses, hone job skills and set up tax-free retirement and health care accounts - plus a still unspecified tax-code overhaul...
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The Bush administration is softening its opposition to proposals to expand government-backed mortgage companies ahead of an expect wave of foreclosures.
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WASHINGTON - Shifting course, Treasury Secretary Henry Paulson planned to tell Congress that the Bush administration would consider allowing the big mortgage companies Fannie Mae and Freddie Mac to temporarily buy, bundle, and sell as securities loans exceeding $417,000.
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U.S. state officials plan to issue guidance next week to tighten subprime mortgage lending by brokers and originators not regulated by the federal government, the Conference of State Bank Supervisors said on Friday.
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President Bush vowed Wednesday to push through Congress economic proposals from his re-election campaign, including what supporters call lawsuit reform.
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President George W. Bush will acknowledge on Monday that a slowing U.S. economy will lead to a higher budget deficit this year and next, as he unveils a $3 trillion fiscal 2009 spending plan that would boost military funding but nearly freeze many domestic programs.
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President George W. Bush said Thursday US authorities would probe security implications of a proposed deal which would see Borse Dubai take a stake in the New York-based Nasdaq stock exchange.
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MAIN TOPIC: President Bush will offer new details about his plan to let younger workers divert some of their Social Security payroll taxes into personal investment accounts. Experts say while the president will seek to reassure Americans who are at or near retirement, he will leave larger questions unanswered.
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Embattled president to outline what US officials have described as his 'post-surge' strategy.
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Lenders will have to confirm that a borrower can afford a mortgage before making a loan under protections proposed by the Federal Reserve on Tuesday, following defaults and losses on U.S. subprime mortgages this year.
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President Bush on Friday intends to discuss ways to help the hundreds of thousands of borrowers hard hit by the housing slump and credit crunch that are rocking financial markets.
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Stocks were higher on Friday on investor hopes that President Bush would unveil a plan to alleviate the subprime mortgage crisis and loosen credit conditions that have rattled financial markets.
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The Bush administration today will propose a set of policies meant to help ease the wave of mortgage defaults, according to senior administration officials. It is the administration's first broad effort to deal with the rising number of home foreclosures, which are widely forecast to increase in the...
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President Bush makes remarks during a White House conference on the economy, Wednesday, Dec. 15, 2004, in Washington. The administration is hoping to build momentum for Bush&#39;s ambitious second-term agenda