A look at stories across HousingWire's weekend desk … with more coverage to come on bigger issues:

Ireland will receive €85 billion, or $113 billion, in a bailout to deleverage and reorganize its banking system and restore its economy, the International Monetary Fund said Sunday.

Of that, $60 billion will come from the European Union, and a $30.1 billion loan will come from the IMF. The rest will come from Ireland's own funds. The IMF set up an extended fund facility, or EFF, which gives Ireland a longer repayment option.

According to the IMF, Ireland will begin repaying the bailout after four and a half years and finish in about 10 years.

“The Irish authorities have today proposed a clear and realistic package of policies to restore Ireland’s banking system to health and put its public finances on a sound footing. Immediate actions to tackle vulnerabilities in the banks and continued strong fiscal adjustment are set in a multiyear policy framework for sustained growth and job creation," Dominique Strauss-Kahn, managing director of the IMF said in a statement Sunday.

Capital Economics analysts said while Europe continues to struggle during the financial crisis, U.S. banks are beginning to put financial issues behind them.

"Moreover, U.S. banks’ exposure to Europe has fallen. They remain exposed to lingering problems at home, however, such as renewed falls in real estate prices," Capital Economics said.

Federal Deposit Insurance Corp. Chairman Sheila Bair warned that as the U.S. continues work to recover from the recent financial crisis, the next one could arise from the country's mounting debt, according to her op-ed in The Washington Post.

In the past seven years, U.S. federal debt reached $14 trillion, more than $100,000 per American household, Bair wrote. According to her estimates, unless action is taken, federal debt held by the public could grow from 62% of gross domestic product to 185% by 2035. Of the many cuts that could potentially come, Bair pointed to potential changes involving the housing market.

Earlier in November, a commission formed by President Obama, offered the option of scaling back the mortgage interest tax deduction for homeowners, which sparked immediate criticism from the housing industry.

"Overly generous tax subsidies for housing and health care have contributed to rising costs and misallocation of resources," Bair wrote.

Monday afternoon, a delegation of U.S. mayors will meet with Housing and Urban Development Secretary Shaun Donovan to gauge if the administration will continue to support the Community Development Block Grant program.

Through the CDBG program, federal dollars fund local community development needs such as affordable housing and provide economic opportunities for low- and moderate-income citizens.

The FDIC did not close any banks over Thanksgiving weekend, as is customary over a holiday. So far, through 2010, however, 149 banks have failed, passing the 140 the year before.

Write to Jon Prior.