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FHA Faces Shortfall From Mortgage Losses
The next victim of the foreclosure crisis could be the Federal Housing Administration. The agency is on the verge of burning through its cash reserves and will eventually ask for taxpayer assistance, according to Rep. Spencer Bachus, chairman of the House Financial Services Committee. The FHA insures many of the nation's low-down-payment mortgages.
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1:47
FHA Announces Moves Designed To Avoid Taxpayer Bailout
An audit found that the agency is on pace to run out of money by September. The Obama administration, however, announced a series of steps to increase revenue.
A Grand Bargain Could Bring Good New Year For U.S. Economy, Says Bernanke
Bernanke also said that the central bank doesn't have the tools to cushion the blow of driving off the fiscal cliff.
Signs Of Drug-Resistant Malaria Emerge In Vietnam And Myanmar
Southeast Asia is a hot spot for drug-resistant malaria. In the past few years, parasites in two regions have become less responsive to the last, best drug we have against malaria. Researchers report that this new type of drug resistance may be spreading to Vietnam and central Myanmar.
U.S. Rethinks Security As Mideast Oil Imports Drop
U.S. foreign policy and military commitments in the Middle East have long been tied to U.S. dependence on oil from the region. But imports from the Persian Gulf have actually declined sharply in recent years, which may lead to a realignment of policy priorities and an easing up of U.S. presence there.
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5:46
Citing Food Safety Risks, Kroger Chain Calls It Quits On Sprouts
The crunchy green microplants have long been touted as raw food chock full of nutrients. But that very freshness is also why they've caused more than 54 disease outbreaks since 1990, including a mega-outbreak of E. coli in Germany in 2011 that killed 53 people.
As Jihadists Spread, Connecting The Dots Proves Hard
Over the past decades, officials have been quick to look for an al-Qaida link in terror attacks. But as Islamist groups spread throughout the Middle East and North Africa, their relationships with — and differences from — al-Qaida are growing increasingly complex.
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3:41
Are The Rich Taxed Enough?
The current tax policy is evaluated on fairness, sufficiency and efficiency in this Intelligence Squared U.S. debate. Among the questions the panelists tackle are: Is the system fair? Does it create enough revenue? And will it promote economic growth?
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Army Corps Sends 'National Unwatering SWAT Team' To Help With NYC Subway
The Corps assembled the 12-member team after Hurricane Katrina. This is the first time, however, the flood-water fighting elites have been dispatched outside of New Orleans.
Presidential Race: What If There Are Two Winners?
There's a chance the Electoral College vote could wind up tied, but it's more likely that there will be different electoral and popular vote winners. If either of those scenarios happens, there could be a push to change the way the U.S. elects its presidents.
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