Federal Housing Administration Running Low On Cash: Report

(Reuters) - The Federal Housing Administration's cash reserves have dropped so low that there is a close to a 50 percent chance it could run out of funds and may require a taxpayer bailout next year, the Wall Street Journal said, citing an annual independent audit of the agency's finances.

Sections:  news   politics   
RELATED ARTICLES
BING NEWS:
  • Will You Get A Stimulus Check By December 31?
    Time is running out for the U.S. government to approve a second coronavirus relief package, with Congress adjourned until next week and the Biden administration focusing on assuming office in January.
    11/27/2020 - 3:41 am | View Link
  • Thanksgiving Travel Drops as Americans Rethink Rituals
    The leader of France says the country is past the peak of its second Covid-19 wave. A surge in California is shattering records. Pennsylvania bans alcohol sales past 5 p.m. on Wednesday, in a bid to ...
    11/25/2020 - 8:30 pm | View Link
  • British Economy Could Take Years to Rebound
    The British economy will suffer its worst recession in more than three centuries this year, and the scarring will take years to overcome, the country’s independent fiscal watchdog said Wednesday. The ...
    11/25/2020 - 12:49 pm | View Link
  • Biden Bump for Infrastructure Imperiled by Trump Election Fight
    Union leaders and transportation advocates have looked to President-elect Joe Biden and his former Senate colleague Mitch McConnell for possible action next year on a major infrastructure package.
    11/22/2020 - 6:24 pm | View Link
  • Assessing Biden's prospects on the economy
    In a new report coming out this morning, Beth Ann Bovino, U.S. chief economist at S&P Global Ratings digs into some of the significant challenges facing President-elect Joe Biden beyond his badly ...
    11/19/2020 - 12:00 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Politics News