The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. ...more

September 7, 2008

The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. ...more

September 6, 2008

A leading congressional proponent of opening up offshore oil drilling closer to Florida's Gulf Coast promised on Wednesday to continue his fight, after being dealt yet another defeat. ...more

June 12, 2008

WASHINGTON - A leading congressional proponent of opening up offshore oil drilling closer to Florida's Gulf Coast promised to continue his fight Wednesday, after being dealt yet another defeat. A Democratic-controlled House panel voted 9 to 6 in a party-line vote against lifting the 27-year-old offshore drilling moratorium, at a time when gasoline prices are expected to float at or above $4-a-gallon for the rest of the summer. ...more

June 11, 2008