Posts tagged as:

Politics

Big Mortgage Lenders To Pause Foreclosures

February 12, 2008

Six of the largest US mortgage companies – representing about 50% of the current mortgae market – announced a plan today to suspend foreclosure proceedings on mortgages that are greater than 90 days past due. 
This pause would allow time to attempt renegotiation of mortgage terms.  The plan would include home equity loans and secondary [...]

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Do We Have To Pay Back The Tax Rebate?

February 11, 2008

Do We Have To Pay Back The Tax Rebate?
Short Answer: NO.
I have read a lot of misleading stories on the rebate portion of the Stimulus Bill.  For instance, Liz Pulliam Weston, writing in MSN Money writes:
To produce this cash, Congress created a one-time tax credit to reduce taxable income for most taxpayers this year.
Normally, [...]

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Details on Final Stimulus Bill

February 8, 2008

The House and Senate passed the final version of the stimulus bill only three weeks after President Bush’s initial proposal.
The final plan will cost an estimated $168 billion versus the $150 billion cost of the House plan.   The Senate plan included rebates for senior citizens and disabled veterans. 
Here’s the final breakdown:

Most single filers will [...]

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Latest News On The Stimulus Bill

February 7, 2008

UPDATE: The House and Senate have passed the final version of the Stimulus Bill. You can read the details in this post:

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Where Do Your Tax Dollars Go?

February 4, 2008

I wanted to share this interesting graphic from The Wall Street Journal:
 
 
 
It shows all Income and Expenses of the US Government as projected in President Bush’s Fiscal 2009 budget, which begins October 1. 2008.
As you can see, the projected deficit will be over $248 Billion.
We continue to mortgage our children’s future so that we [...]

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Stimulus Bill Likely To Be Unchanged By Senate

February 1, 2008

UPDATE: The House and Senate have passed the final version of the Stimulus Bill. You can read the details in this post:

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Details of Proposed Economic Stimulus Bill

January 24, 2008

Photo: Susan Walsh, AP
UPDATE: The House and Senate have passed the final version of the Stimulus Bill. You can read the details in this post: Details on Final Stimulus Bill.
Congress and President Bush appear to have made a final agreement on the contents of the forthcoming economic stimulus bill.
Highlights:

Tax rebates of at least $300 [...]

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