The number of American households facing foreclosure has risen to a record high, according to statistics from the Mortgage Bankers Association.
Taxpayers have not been provided with clear information about how their money is being used as part of the rescue of the financial services industry, a congressional watchdog has claimed.
As the financial landscape of the U.S. changes, people may be looking around for different strategies to protect their wealth.
Barack Obama won the November presidential election with questions still lingering for many about whether his tax proposals would actually benefit the average American – particularly as the economy sinks into a recession.
The price of gold could rise as high as $2,000 per ounce in 2009.
The majority of Americans believe that automakers do not deserve to receive government funds, according to the results of a new survey.
First, it was the financial industry requesting federal funds. Next, automakers said they needed a bailout, too. And now, the housing sector is apparently gearing up to ask the government for a $250 billion rescue package.
Those who hoped that the rising value of their property would help see them through their golden years may have already started re-evaluating – now, new figures show the slide in house prices is continuing.
During the recent hard-fought presidential campaign, Barack Obama repeatedly promised that he would put an end to tax cuts for wealthy Americans that had been put in place by President Bush.
An additional $20 billion of taxpayer money is set to be given to Citigroup in an effort to prevent the banking giant from collapsing.