Paulson says mortgage relief plan not a bailout
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U.S. Treasury Secretary Henry Paulson, on the second day of a tour seeking to build support for a mortgage relief plan, said it was not a bailout for people who made bad decisions.
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The United States is strongly committed to a strong U.S. dollar and financial markets there are recovering from the subprime loan crisis even if the housing market has yet to touch bottom, U.S. Treasury Secretary Henry Paulson said on Tuesday.
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Federal Reserve Chairman Ben Bernanke said Thursday that he did not believe the growing number of mortgage defaults would seriously harm the economy
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Housing activity has slowed from  recent years but the dragdown should not lead to a recession,  mortgage finance company Freddie Mac  said on Thursday  in its monthly economic outlook.
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WASHINGTON -- The Bush administration is working to combat the country's severe housing crisis but there is no simple solution, Treasury Secretary Henry Paulson said Monday, adding that a correction in the housing market is "inevitable and necessary."
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WASHINGTON -- Treasury Secretary Henry Paulson said Wednesday that the turbulence that has hit financial markets will take some time to be resolved, especially in the area of subprime mortgages.
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Treasury Secretary Henry Paulson said on Thursday he was concerned that the $157 billion stimulus package passed by the Senate Finance Committee was too complex and he prefers the simpler House of Representatives version.
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Fannie Mae, the giant mortgage finance company, will probably not face major business disruptions from the $9 billion write-off that federal regulators are requiring it to take, analysts and investors said yesterday.
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Treasury Secretary Henry Paulson told Congress on Wednesday that the federal government will hit the current debt ceiling on Oct. 1
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Federal Reserve Chairman Ben S. Bernanke said Fannie Mae and Freddie Mac don't need a loosening of regulatory constraints to help borrowers threatened with foreclosure.
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Henry M. Paulson cautioned again today that âthere arenât any easy answersâ to the turmoil in the nationâs credit markets or to the looming wave of home foreclosures.
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Business & money: The crisis in financial markets is unlikely to prompt a property crash or even bring the upward trend in house prices to an end, a member of the Bank of England's monetary policy committee said today.
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Problems in the U.S. subprime  mortgage market are unlikely to push the U.S. economy into a  recession over the next 12 months, the top economist for a  leading U.S. business group said on Tuesday.
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US finance minister Henry Paulson says the booming hedge fund industry does not require tighter regulation.
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Problems in the U.S. subprime mortgage market are unlikely to push the U.S. economy into a recession over the next 12 months, the top economist for a leading U.S. business group said on Tuesday.
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The United States is experiencing a "significant" housing market downturn but the economy is fundamentally sound and should avoid recession, Treasury Secretary Henry Paulson will tell Congress on Thursday.
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U.S. Treasury Secretary Henry Paulson on Sunday said he feels good about the U.S. economy and does not see the country slipping into recession.