Tax Exemption for Mortgage Debt Relief Still Not Extended, Future Hopes Dim

By: Tuesday November 27, 2012 6:23 am

The not-all-that-possible reduction or elimination of the mortgage interest deduction has set the hair of many a journalist on fire. Many of them have homes and benefit from that deduction, after all. And they cannot escape the fact that, if Republicans tell them that deductions have to be targeted instead of rates – which is [...]

Back-Door State Debt Relief Looks Dubious for Passage

By: Wednesday February 9, 2011 7:25 am

I touched on the Obama plan to forgive some interest payments from the states, but it deserves a bit more. Because this is a recognition in the budget that states still have a tough road ahead. While state revenues have begun to pick up, they still face a near-term deficit of over $125 billion, according [...]

Greek Debt Deadline And A Rare Defense Of Goldman

By: Tuesday February 16, 2010 1:06 pm

The EU is basically taking the role of the IMF in the Greek debt situation, using their role as the holder of the purse-strings to force massive cuts and quick shocks to the economic system: A crisis of confidence in the financial markets over Greece’s huge public deficit and high debt levels has prompted the [...]

Treasury Dept. Calls For Full Haitian Debt Cancellation

By: Friday February 5, 2010 2:32 pm

Here’s a nice Friday news dump. Tim Geithner just announced support for a full cancellation of Haiti’s debt, and the IMF will join him: WASHINGTON – The U.S. Department of the Treasury today announced the United States will work with its partners around the world to relieve all debts owed by Haiti to international institutions [...]

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