Economy

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WAMU 88.5

Montgomery County Eyes Three Big Box Bills

Montgomery County is attempting to address the construction of big box stores such as Walmart with three separate pieces of legislation.

NPR

Mortgage Giant Places Bets Against Homeowners

NPR and ProPublica have found that Freddie Mac, the giant government-owned mortgage company, has been placing financial bets against homeowners. Specifically, Freddie Mac has made targeted investments that pay off if homeowners are unable to refinance their mortgages. At the same time, Freddie has been making it harder for many homeowners to get new loans.
WAMU 88.5

Audit Shows $240M Budget Surplus In D.C.

cash

After several years of financial difficulty, D.C. is back in the black after posting a large budget surplus to the tune of $240 million.

NPR

As Homeowners Struggle, Freddie Mac Benefits

An investigation by ProPublica and NPR finds that Freddie Mac has invested billions of dollars in bets against struggling homeowners. Public records show that Freddie Mac, in a potential conflict of interest, sought to make gains when homeowners failed to qualify for refinancing.
NPR

EU Struggles To Solve Greek Debt Crisis

Greek officials have been working with private lenders to try to reduce their debt-load. Meanwhile European Union officials are in Brussels to deal with the financial crisis. Renee Montagne talks to Zanny Minton Beddoes, an editor at The Economist, for an update on the crisis.
NPR

Tennessee Gov. Haslam Proposes Modest Tax Cuts

With no income tax, Tennessee lives and dies by the sales tax. Revenues have increased each of the last 21 months, but the budget still isn't where it was five years ago. Still, Gov. Bill Haslam has proposed lowering the tax on food and trimming back the estate tax.

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