Washington, DC The National Community Reinvestment Coalition (NCRC) said that the governments takeover of Fannie Mae and Freddie Mac was unavoidable as a direct result of the failure of Congress and the Administration to address the ongoing foreclosure crisis. Earlier…

FDIC Board to Consider Restoration Plan to Bolster the Deposit Insurance Fund Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported net income of $5.0 billion in the second quarter of 2008, a decline of…

PostPath's Email and Calendaring Software to Enhance Cisco's WebEx Collaboration Platform SAN JOSE, Calif. - Building upon its commitment to provide a comprehensive collaboration portfolio, Cisco today announced its intent to acquire privately held PostPath, Inc., a provider of innovative…

Tokyo Ricoh Company, Ltd. (TSE: 7752, "RICOH")(President & CEO: Shiro Kondo) today announced that it has reached a definitive agreement with IKON Office Solutions, Inc. (NYSE: IKN, "IKON") to acquire IKON (the "Transaction") through RICOHs wholly owned U.S. distribution subsidiary,…

Policymakers are facing difficult trade-offs in formulating the nations fiscal policies. On the one hand, if the fiscal policies currently in place are continued in coming years, the revenues collected by the federal government will fall far short of federal…

As required by law, CBO prepares regular reports on its estimate of the number of jobs created by the American Recovery and Reinvestment Act of 2009 (ARRA), which was enacted in response to significant weakness in the economy. In its…

WASHINGTON - A federal judge in Washington has ruled that automobile dealers who engage in certain three-party financing transactions must disclose certain information to consumers who take out car loans if they are offered less favorable terms, such as a…