Now, the budget is moving on to the presidential office where President Obama is expected to sign it, based on prior indications of support. The signature of the president will ensure another government shutdown is averted.
Despite the ability of the U.S. to service its debts, recent events have changed the opinion of ratings firm DBRS. The company is now questioning the willingness of the country to meet its debt payments in a timely manner.
With the first major debt ceiling deadline right around the corner, central banks are testing their contingency plans to ensure they can keep the financial markets working if lawmakers fail to come to an agreement.
A prolonged economic slowdown in the U.S. would endanger the eurozone recovery — growth is already expected to be below 1%. But there are some bright spots. There is a feeling that a resolution to the shutdown is progressing.
“Nearly every part of the real estate process has been transformed by technology except for home financing. Getting a mortgage is still manual, frustrating and confusing,” said Nick Stamos, CEO and founder of Sindeo..
Legacy insurers are headed toward solid ground, with some experiencing their first full year of profitability since the housing crash. New entrants, meanwhile, are raising capital, entering the fray and gaining market share. Read More
First, I’m not suggesting totally yanking FICO or Vantage Scores or anything like that. What I am recommending is the adoption of other models that would equally, or even more effectively, determine who can repay a loan. Read More