By Greg Ip
Sunday, January 11, 2009
In its battle against the financial crisis, the U.S. government has extended its full faith and credit to an ever-growing swath of the private sector: first homeowners, then banks, now car companies. Soon, President-elect Barack Obama will put the government credit card to work with a massive fiscal boost for [...]

WASHINGTON Jan. 8, 2009 Federal Reserve officials worried about the possibility of a prolonged contraction and destabilizing deflation in mid-December when they voted to cut a key interest rate to a historically low range of zero to a quarter-point.
According to minutes of the Feds Dec. 15-16 meeting, released Tuesday, central bank economists sharply [...]

WASHINGTON – Jan. 5, 2009 – Rates on 30-year mortgages fell to a record low for the third straight week and borrowers took advantage of the drop, sending new applications soaring.
With the Federal Reserve on the verge of pouring hundreds of billions of dollars into the devastated U.S. housing market, mortgage rates have plunged to [...]