On Thursday, the price of an average regular gasoline gallon decreased below $3.90. In the latest daily research that was held for the motorist group AAA the average price dropped eight tenths cents to $3.89. Declining three consecutive days the price shaved about 2 cents off the gas price of the last week.
Fastest Runups On Gas Prices
According to the information appeared in mass media, the Buffett Rule proposal was rejected by the Senate this Monday. However, the millionaire tax supporters promised to keep the issue under control in future. As it was expected, Republicans managed to receive enough support to decline the Democrat’s idea to discuss the project. The difference was nine votes in favor of Republicans. In fact, there are some shady items in the bill otherwise known as the “Paying a fair share act” in which the President introduces his millionaire tax.
According to the latest information provided by a federal watchdog, a government’s program designed to assist the homeowners that live in the states most hit by the housing crisis is veering off course. The Special Inspector General of the Troubled Asset Relief Program mentioned in his report that only 3% of the $7.6 billion in the Hardest Hit Housing Markets project meant for 18 states, as well as the District of Columbia, was tapped by December 31.
In a few weeks Freddie Mac and Fannie Mae are expected to announce whether they allow reduction of mortgage principle they back. Ed DeMarco, the acting director for the Federal Housing Finance Agency, said that this month the agency will decide whether Freddie and Fannie should let the balances be written down for the borrowers who owe more than their houses are actually worth.
Freddie and Fannie occurred at the center of a tug-of-war that raised over fixing the US housing market.
According to the latest news, president Obama has recently signed a new IPO bill that abolishes certain rules required from small and medium-size companies in order to go public. The bill is expected to make it easier for enterprises to trade publicly, as it allows bypassing complicated audits and disclosures previously required from investors. The new project, called the Jumpstart Our Business Startups Act, has been highly appreciated by both chambers of Congress.
This week the FTC has filed a lawsuit against AMG Services Inc. – the parent company that ran over 15 websites providing payday loans online. The complaint of the Federal Trade Commission states that AMG operating since 2002 was under control of Scott Tucker, the race car driver, and others who earned over $100 million in revenue. The company declined to make any comments. According to the optimistic expectations of the FTC, the customers will be repaid for their losses.
