The Senate voted Thursday to raise the ceiling on the government debt to $12.4 trillion, a massive increase over the current limit and a political problem that President Barack Obama has promised to address next year. ...more

December 24, 2009

Citigroup and other banks starting to repay the billions of dollars they borrowed from the government are getting another boost as they exit the bailout program: Billions more in tax breaks. ...more

December 17, 2009

Citigroup said Monday it is repaying $20 billion in public bailout money, freeing the banking giant from the close scrutiny and pay restrictions that came with the rescue program. ...more

December 15, 2009

Only about 10,000 homeowners have received permanent loan modifications under the Obama administration's mortgage relief plan, evidence of continuing challenges in the government's effort to stem the foreclosure crisis. ...more

December 10, 2009

As part of a broad effort to boost participation in its mortgage assistance program, the Obama administration will crack down on mortgage companies that are failing to do enough to help borrowers at risk of foreclosure. ...more

December 1, 2009

The Obama administration will crack down on mortgage companies that are failing to do enough to help borrowers at risk of foreclosure, as part of a broad effort to boost participation in its mortgage assistance program. ...more

November 30, 2009

WASHINGTON (AP) — Foreign demand for long-term U.S. financial assets rose in September as China and other countries boosted their holdings of Treasury securities. ...more

November 17, 2009

WASHINGTON — More than 15 million taxpayers may owe the government $250 or more because of how the IRS last spring set up President Barack Obama's tax break that was designed to help consumers spend the U.S. economy out of recession. ...more

November 16, 2009

After a slow start, the Obama administration's mortgage relief program has reached one in five eligible homeowners, a government report says. ...more

November 10, 2009

In 2006 Congress was debating whether to authorize increasing the size of the national debt. A freshman senator addressed his colleagues: "The fact that we are here today to debate raising America's debt is a sign of leadership failure." ...more

November 2, 2009