+ Earlybird updated Friday, October 22, 2010

Economy: Power Struggle Behind the Foreclosure Crisis

• "Though the public uproar over botched home foreclosures has focused on sloppy and often fraudulent paperwork, a much bigger battle is underway behind the scenes over how much more the banks should be helping troubled homeowners," CongressDaily (subscription) reports. "Consumer groups and state attorneys general around the country are seizing on the foreclosure mess as a way to pressure the nation's banks into making bigger and faster concessions on mortgages for millions of delinquent borrowers who want to stay in their homes."

• "Two top U.S. Federal Reserve officials gave competing views on the need for more monetary stimulus to the U.S. economy, continuing a public debate over further easing even as the core view at the U.S. central bank appears to favor such a move," Reuters reports.

«Fed Option: Buying More Debt | Main page | How To Put Businesses' Cash Reserves In Play?»

Monday, September 13, 2010

How Would You Speed Up Recovery?

With the economic recovery sputtering, leaders in both parties have put forward proposals intended to jumpstart job growth. Last week, President Obama proposed a $50 billion R&D tax credit and a provision allowing businesses to expense investment costs. Republicans leaders have kept up a steady drumbeat for spending cuts and full extension of the Bush tax cuts. Neither party, though, has offered many genuinely new ideas leading up to the election. What measure that you haven't heard advocated by party leaders would you propose to best speed economic recovery -- and why is it better than the proposals currently in play?

-- Jim Tankersley, NationalJournal.com

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