The city created or saved 27,218 of the 599,108 jobs the White House reported generating nationally in the final three months of 2009 as a result of federal stimulus funds pumped into the crippled economy. Most of the $5.85 billion allocated to the Big Apple went to the school system ($2 billion); Medicaid ($1.6 billion); [...]
A campaign to increase New York’s unemployment benefits for the first time in a decade has been sidetracked by the political stalemate in Albany — possibly for the rest of the recession. Despite having the support of the governor, labor leaders and advocates for the unemployed, a bill to raise weekly jobless benefits on July [...]
The Bush administration on Tuesday unveiled a new program to modify mortgages and stabilize the battered real estate market, but the plan stops short of providing direct government financial help to at-risk homeowners. The plan centers on Fannie Mae and Freddie Mac, which between them own or back about 31 million mortgages worth a combined [...]
