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Federal officials, from President Obama down, assure the public at every turn that our economy, though fragile, has been stabilized. Yet bank failures in 2010 are expected to blow past last year's 140 and the root cause, as Treasury Secretary Tim Geithner admitted this week, is the ongoing crisis in commercial real estate.
The lending market for Main Street remains pretty jammed up, but one segment of the credit landscape is recovering thanks to stimulus efforts.
House Financial Services chief Barney Frank publicly denounced a House Financial Services Committee staffer for leaving to become a lobbyist.
Stocks opened with a bang Thursday after the government said the number of Americans filing for first-time claims for jobless benefits matched a 19-month low.
President Obama's plan, announced Wednesday, to expand oil drilling off the nation's coasts has the potential to lead to a slight easing in gas prices, more jobs and more money for cash-strapped government coffers.
Research in Motion posted a fiscal fourth-quarter profit and revenue that missed Wall Street expectations, but the BlackBerry maker's forecast for the current quarter easily topped analysts' estimates.
Some of the smartest budget experts say the new health reform law will do much to reduce the deficit. But there are others who say it more likely will be a budget buster.
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