Archive for the 'Credit News' Category

Treasury Secretary Henry Paulson said Wednesday the $700 billion government rescue program will not be used to purchase troubled assets as originally planned.

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Canadians are carrying $1 trillion worth of personal debt and federal policy will only add to the burden, federal NDP leader Jack Layton says.

The reaction to the news that Ottawa is purchasing another $50-billion in residential mortgages from Canada’s banks was understandable.

Treasury Secretary Henry Paulson called autos a “critical industry in this country” on Wednesday but said the government’s $700 billion financial rescue program wasn’t designed to help automakers.

Mountain House may be the highest community in San Joaquin County in elevation, but a new report also makes it the most underwater area in the United States.

Despite economic woes, the interest rate cut last week has left many families feeling considerably better off at the end of every month.

If mounting credit card bills are threatening to pull you under, you may be considering bankruptcy as a way to hit the restart button.

The government has abandoned the original centerpiece of its $700 billion rescue effort for the financial system and will not use the money to purchase troubled bank assets.