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Federal Reserve Governor Randall Kroszner said that small businesses are having a difficult time in accessing credit given the current economic environment. Testifying before the U.S. House Small Business Committee in Washington, DC, Kroszner said that credit to small businesses has tightened substantially...
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U.S. nonfarm payrolls fell for the third consecutive month, with the U.S. Labor Department reporting that the U.S. lost 80k jobs in March. The unemployment rate rose to 5.1% in March, higher than the expected 5.0% and above the previous rate of 4.8%. February's jobs figure was revised to a loss of 76k...
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Also Read : McCain Housing Plan - Obama Housing Plan Each of the three possible candidates for nomination as their party's presidential nominee has made major speeches recently spotlighting their solutions to the housing and subprime mortgage crisis . The three, Senator Hilary Clinton, Senator John McCain...
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Also Read : Clinton Housing Plan - Obama Housing Plan Senator John McCain was the second candidate to outline his solutions to the housing and credit situation . He restated the history leading up to the current situation and placed the blame for the crisis on: Speculators who moved into the housing...