Originally posted on CNNMoney

 

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Senior Obama administration officials say the nation’s economic recovery could stall if Congress doesn’t pass a climate bill this year. The officials warn that investors are so uncertain about the future cost of emitting greenhouse gases that they are sitting on capital rather than pouring it into “clean” technology, new power... 

Princeton economist Hyun Song Shin made his reputation studying asset bubbles. Now he’s become a top adviser to Korea’s president where his job is to figure out how to head off financial debacles. Mr. Shin’s policy recommendations have global reach because Korea this year chairs the Group-of-20 industrialized and developing nations. The G-20... 

A few weeks ago RTE pointed out a new tax calculator, prepared by the Tax Foundation, which shows how one’s 2011 tax burden changes based on three scenarios: (1) Congress allows all of the Bush tax cuts to expire. (2) Congress extends into 2011 all of the Bush tax cuts. (3) Congress passes the tax laws proposed in President Obama’s budget, letting... 

President Obama and multiple lawmakers weighed in almost immediately on the 13-10 vote in the Senate Banking Committee to advance a plan by Democrats to rewrite financial market rules. Here’s a collection of some of the statements: President Obama “By creating a new consumer agency, we will finally set and enforce clear rules of the road across... 

Several new tax laws made it into the IRS Code. See which ones might help cut your tax bill.  Read More →

Senate Republicans had mixed reaction to the move from Senate Banking Committee Chairman Christopher Dodd (D., Conn.) to move ahead on a bill to rework financial rules without the support of Sen. Richard Shelby (R., Ala.), the panel’s top Republican. Sen. David Vitter (R., La.), a member of the panel: “I think it’s a shame, because we were... 

The Obama administration on Friday announced a major reworking of its troubled $75 billion plan to prevent foreclosures. The revamped program is now designed to aid jobless homeowners and people who owe more on their mortgages than their homes are worth. Mortgage – Foreclosure – Presidency of Barack Obama – United States –... 

The Obama administration is soon expected to unveil additional protections to ensure homeowners are treated fairly and consistently under its mortgage relief program. Presidency of Barack Obama – Mortgage – United States – Business – Financial Services  Read More →

Sen. Bob Corker (R., Tenn.) said he was very disappointed talks have broken off with Senate Banking Committee Chairman Christopher Dodd (D., Conn.) and blamed health care and White House politics for the problem. “I think Republicans want to see a good financial reform bill. I think Democrats want to see a financial reform bill. If we cannot... 

I’m guessing someone on President Obama’s speech-writing staff knows something about “search engine optimization” because the …  Read More →

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