US private sector sheds 23,000 jobs in March

Thursday, March 17th, 2011

The US economy shed 23,000 private-sector jobs in March, a payrolls firm said Wednesday in a report that was dramatically worse than market expectations.

Mortgage giants Fannie Mae and Freddie Mac can’t continue in their current form

Monday, March 14th, 2011

Left out of the financial reform bill recently passed by Congress was a plan for dealing with the moribund mortgage giants Fannie Mae and Freddie Mac, seized by the government nearly two years ago.