World-News

The trade deficit - the difference between imports and exports - hit $497.8bn (£311bn) last year, up 32.8% on the year before, the biggest annual percentage gain since 2000.

http://www.bbc.co.uk/news/business-12431066



Fannie, Freddie bailout: $153 billion ... and counting

When the dust settles, the federal bailout of Fannie Mae and Freddie Mac will be the most expensive government rescue of the financial crisis -- it already stands at $153 billion and counting.

http://money.cnn.com/2011/02/11/news/companies/fannie_freddie_losses/index.htm



U.S. Home Values Lost $798 Billion Last Quarter:

The average home is down 27 percent from peak. This puts the total loss from the housing crash at an incredible $9.8 trillion.

http://www.businessinsider.com/zillow-fourth-quarter-798-billion-2011-2



Obama's Big Budget Cut Proposals Target The Poor:

As Democrats and Republicans wrangle over fiscal austerity and the shape of the 2012 federal budget, the White House is targeting programs in the $4 trillion budget that benefit low-income Americans.

http://huff.to/gempyv


From Information Clearing House



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Obama
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=financial+crisis
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=budget
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=trade+deficit
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bailout
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Fannie+Mae
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Freddie+Mac
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=housing
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=home+value
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=austerity
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=low-income
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