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Tag Archives: timothy geithner

Gov’t bars Fannie-Freddie from reducing principal

WASHINGTON — A federal regulator is standing by its decision to bar Fannie Mae and Freddie Mac from reducing principal for borrowers at risk of foreclosure, resisting pressure from the Obama administration. The Federal Housing Finance Agency announced the decision ...

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Life of Social Security trust funds loses 3 years

WASHINGTON — High energy prices and an economy that has been slow to rebound are worsening Social Security’s finances, shortening the life of the trust funds that support program by three years, the government said Monday. Those funds will now ...

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Senate debates debt limit bill, passage likely

WASHINGTON — Emergency legislation to allow the government to borrow more money headed toward passage in the Senate Tuesday with just hours to spare before the national debt bumps against its ceiling. Expected approval sends the bill to President Barack Obama, ...

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