Paulson: U.S. housing credit risks contained
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U.S. Treasury Secretary Henry Paulson said on Tuesday that a weakened housing market will not have a major impact on the U.S. financial sector, which he described as quite healthy.
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Treasury Secretary Henry Paulson will use a speech Monday to defend the Bush Administration's plan to "freeze" mortgage rates for some subprime borrowers and also to call on Congress to pass legislation to head off a housing crisis.
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U.S. Treasury Secretary Henry Paulson, on the second day of a tour seeking to build support for a mortgage relief plan, said it was not a bailout for people who made bad decisions.
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Treasury Secretary Henry Paulson told Congress on Wednesday that the federal government will hit the current debt ceiling on Oct. 1
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Treasury Secretary Henry Paulson said on Monday the Bush administration was considering how to give the economy a boost as it weathers a housing correction, but didn't want to rush.
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Federal Reserve officials on Friday said falling home prices and financial market turmoil are big risks to the U.S. economy but pledged that the central bank would not shrink from taking bold steps to support growth.
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Treasury Secretary Henry Paulson said on Friday that it will take time to work through the problems contributing to current financial market turmoil but expressed confidence U.S. growth will not be derailed.
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Henry M. Paulson cautioned again today that âthere arenât any easy answersâ to the turmoil in the nationâs credit markets or to the looming wave of home foreclosures.
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Treasury Secretary Henry Paulson on Sunday tried to reassure investors the US economy is robust, despite last week's unsettling stock market plunge.
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Federal Reserve Chairman Ben  Bernanke and Treasury Secretary Henry Paulson told Congress on  Thursday they are open to letting Fannie Mae  and  Freddie Mac  buy more troubled home loans if the  companies control risk and agree to tougher oversight.
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The Federal Reserve Board on Tuesday considered new protections for high-cost mortgage borrowers to avoid a repeat of the loose lending standards that have put many Americans at risk of losing their homes.
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WASHINGTON -- The Bush administration is working to combat the country's severe housing crisis but there is no simple solution, Treasury Secretary Henry Paulson said Monday, adding that a correction in the housing market is "inevitable and necessary."
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Treasury Secretary Henry M. Paulson acknowledged the United States is experiencing a âsignificantâ housing market downturn but the economy should avoid recession.
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Treasury Secretary Henry Paulson on Tuesday said that a strong dollar was in the U.S. interest and predicted the economy will keep growing despite risks from the housing downturn.
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The United States could face a prolonged economic downturn because of its subprime mortgage woes, but is unlikely to plunge into a recession, Nobel economics laureate Joseph Stiglitz said yesterday.
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The Bush administration is working to combat the country's severe housing crisis but there is no simple solution, Treasury Secretary Henry Paulson said Monday
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WASHINGTON - Could the housing market's woes spread to bonds held in mutual funds by millions of ordinary investors?