Fannie taps lifeline after $59B in losses
Hammered by the ailing housing market, mortgage finance giant Fannie Mae said Thursday it would tap its lifeline from the Treasury Department after reporting $58.7 billion in losses for 2008.
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U.S. budget gap grows to $569 billion
The Treasury Department said Wednesday that the federal budget deficit grew $83.8 billion in January, bringing the total deficit for the first four months of the fiscal year to $569 billion.
TARP Recipients Paid Out $114 Million for Politicking Last Year
The companies that have been awarded taxpayers’ money from Congress’s bailout bill spent $77 million on lobbying and $37 million on federal campaign contributions, Center finds. The return on investment: 258,449 percent.
WASHINGTON–(This release has been corrected to reflect that Bank of America has received $45 billion, not $55 billion, from the TARP program. The [...]