The CEO of Fannie Mae, the largest financer and guarantor of U.S. home loans, predicted Tuesday that the housing market downturn is likely to persist into 2010. ...more

January 9, 2008

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." ...more

January 8, 2008

You would expect a year marking the 10th anniversary of the Asian crisis to be hectic, and 2007 didn't disappoint. Coup attempts, subprime fallout, terrorist attacks, scandals, volatile stocks, elections, you name it. ...more

December 27, 2007

The United States declined on Wednesday to cite China for manipulating its currency for unfair trade advantages. ...more

December 20, 2007

Support is growing on several fronts in Washington for mortgage-industry reforms and homeowner-assistance programs with broader potential impact than the Bush administration's plan to freeze interest rates on a small percentage of home loans. ...more

December 18, 2007

For more than a year, U.S. Treasury Secretary Henry Paulson has persuaded congressional critics of China to put off punitive action while he conducted wide-ranging talks with Chinese leaders on economic disputes. ...more

December 7, 2007

Regarding "Mortgage CEO Wants A Federal Rescue" (Business, Dec. 4): The mortgage mess is about to get messier. The bailout proposed by Treasury Secretary Henry Paulson will spread the mess to tax-exempt bond funds, stealing money from many retirees that have invested in the bond funds to get by in retirement. It all deprives income that eases the burden on the taxpayers of this country. ...more

December 5, 2007

The CEO of the country's biggest mortgage lender says greater government intervention is needed to rescue the U.S. housing market as his peers warn the worst is yet to come. ...more

December 4, 2007

The Bush administration plans to roll out an unprecedented package of unilateral sanctions against Iran today, including the long-awaited designations of its Revolutionary Guard Corps as a proliferator of weapons of mass destruction and of the elite Quds Force for supporting terrorism, according to senior administration officials. ...more

October 25, 2007

Treasury Secretary Henry Paulson said Tuesday that the recalls of tainted Chinese products are causing fear among U.S. consumers. He called on China to take bold moves to address that and other economic problems facing the two countries. ...more

October 24, 2007