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President Obama, new French President Francois Hollande and other political leaders have called for less "austerity" as a way to help the troubled economies on both sides of the Atlantic. That's the polite way of saying they want more government spending and larger deficits.

On Friday, the government reported about the plan that is aimed to result in the potential wind-down of the government-backed mortgage companies. Officials are concerned about this as they suppose that the process will last for years and Tim Geithner, the Treasure Secretary stated that administration will stay behind Fannie and Freddie's obligations in the meantime.

Potential government shutdown may affect the FHA loans. The lenders will lose the ability of originating and closing FHA loans.

GST slab release impacted sensex today. The slab of 12% & 18% is clever move by the government to increase taxes on the services. It is expected that sensex will be under pressure till the time fine blue print don't come out as the slab rates are higher than expected.

Indian economy struggled for the last 5 years & impacted the overall project of India. Post NDA government at the center and subsequent slew of policy reform inflicted positive waves within the economy. The stringent control on black money movement and management forced many businesses to release the hoarded corps which impacted the CPI, WPI.

Indian Government for the last many years kept on trying to bring both citizens and business entity into proper tax fold to help the country broader citizen base. Unfortunately, the lack of initiation by the previous government always kept Indian taxation system under scanner.

Alright, governments of the world. I know times are tough. We've got to tighten up the purse strings and reduce spending. That's all fine and good. Arts funding is on the chopping block, you say? Well…traditional arts grants gave us such masterpieces as Enormous Inflatable Banana In The Sky and Fifty-One Mangled Coat Hangers Covered In Blood As A Symbol Of The Iraq War.

Can you think of a single good reason why the federal government should require U.S. taxpayers to guarantee home loans of up to nearly $730,000?

Addressing the Wales Credit Unions Forum in Wrexham, the Minister said that the Welsh Government was supporting credit unions to help promote their services more widely so that people are aware that affordable alternatives to high interest loans are available.

Conceding his earlier housing programs have fallen short, President Barack Obama on Wednesday proposed a vast expansion of government assistance to homeowners, aiming to make lower lending rates a possibility for millions of borrowers who have not been able to get out from under burdensome mortgages.

In fact, unemployment is rather high now and states have paid out a lot with 99 weeks of available benefits. Thus, the federal government decided to provide particular loans for most states in order to fund the unemployment benefits. However, some states still look for creative solutions as the interest payments on these loans come due.

Actually, the new federal budget may help states manage their increasing debt as the interest on federal unemployment loans are aimed to be deferred till 2014, as states are expected to have money at that time for repaying the installment loans. In fact, the supporters of this plan consider that states will be able to address their own budgetary needs, if the interest on the unemployment loans will be deferred as they won't have to be concerned as for the interest payments directed to the federal government.

Despite the tough financial times US citizens still believe that American dream is alive, even though, the government doesn't do its best.

Short-term loans will help to cover the California's bills if money stops arriving from Washington. But still there is a hope that the federal government will come to consent.

According to the BIS report, UK is in the danger zone for government, company and household debt. High levels of debt are preventing the growth of economy.

In case the government misses the deadline to raise the debt limit, California's treasure Bill Lockyer will take out $5 billion to cover the operating expenses.

The federal student loan program seemed like a great idea back in 1965: Borrow to go to college now, pay it back later when you have a job.

For 18 months now, many of us have been trying to sound the alarm about the legal loan sharks who infest Britain's consumer credit market. These companies now lurk in every high street and across every web banner. Their increasing presence indicates not only the desperation of families who find too much month at the end of their money, but a systemic failure to tackle our financial culture.

An earlier article on the site referred to the 'mysterious and unnamed' borrowers who finance the UK's debt. In November, the article continued, the UK's borrowing requirement was put at £23.3 billion.