During the housing bust, taxpayers were forced to bail out mortgage giants Fannie Mae and Freddie Mac. But thanks to the real estate recovery, Fannie Mae could end up paying tens of billions of dollars back to the Treasury this summer.
An Illinois House committee is endorsing a plan by Speaker Michael Madigan to tackle a Goliath-sized public-employee pension deficit. The Personnel and Pensions Committee OK'd the Chicago Democrat's plan 9-1 Wednesday.
Congress decided last week to ease the effects of the across-the-board federal spending cuts on travelers upset over airport delays. But low-income Americans who rely on government housing aid are still feeling the pain.
Nearly all of the remaining provisions of the new health care law go into effect next January, including one that requires businesses with 50 or more full-time employees to pay for their health care or pay a penalty.