Posts Tagged ‘federal deficit’

St Louis Mortgage News Reports Stimulus Package $75 Billion Higher Than Expected

Tuesday, February 23rd, 2010

St Louis Mortgage Refinancing and Real Estate News –

News: The Stimulus Bill Is Approximately $75 billion More Expensive Than Originally Believed

When the American Recovery and Reinvestment Act was enacted one year ago in February 2009, the cost that was originally “sold” to the American public fell in the area of $787 billion.

The Congressional Budget Office (CBO) went on to say that the Recovery Act’s overall (more…)

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St Louis Mortgage News Reports Fannie and Freddie Adding to Higher Deficit

Monday, February 15th, 2010

St Louis Mortgage Refinancing and Real Estate News –

News: Fannie Mae and Freddie Mac Add Billions to Growing Deficit

Many are calling this the new era of exorbitant federal spending and wasted taxpayer bailouts.  Not withstanding the endless accusations of fiduciary wrongdoing that fuels this expanding financial crisis.  Exaggerated opinions?  Not exactly.

There are reports being issued from the Congressional Budget Office (CBO) saying government sponsored enterprises (more…)

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