U.S. GDP rises only 2.1% in Q4

Real gross domestic product increased at an annual rate of 2.1% in the fourth quarter of last year, according to the advance estimate from the Bureau of Economic Analysis. In the third quarter of 2019, GDP also grew at a 2.1% pace. Today’s Q4 GDP estimate is based on incomplete source data that is subject to further revision and […]

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Calabria says he’s willing to wipe out Fannie Mae, Freddie Mac shareholders

  Mark Calabria, director of the Federal Housing Finance Agency, said he’s willing to wipe out Fannie Mae and Freddie Mac shareholders if needed to protect taxpayers from another bailout. “I’m working for the taxpayers,” Calabria said during testimony Tuesday to the House Financial Services Committee. “If the circumstances present themselves where we have to […]

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