WASHINGTON, May 21 (Reuters) – A surge in bank repossessions
of properties last month pushed overall foreclosure activity
across the United States to an 18-month high, according to a
report by industry firm RealtyTrac released on Thursday.
Overall, 125,875 homes across the country were at some point
in the foreclosure process in April, a 3 percent jump from
March. The increase drove foreclosure activity up 9 percent from
year-ago levels, RealtyTrac said.
WASHINGTON (Reuters) – Uncertainty over when the U.S. Federal Reserve will start raising interest rates is on the rise amongst forecasters amid signs the economy is struggling to rebound after it almost certainly contracted in the first quarter.
A Reuters survey published on Tuesday found 28 of 50 economists said they were now less convinced about when the U.S. central bank would tighten monetary policy but the median still suggested it would move in the third quarter, sticking to the view voiced in April.
WASHINGTON (Reuters) – U.S. health regulators are reviewing current standards for assessing drug residues in milk sold to consumers, a move that could expand testing for veterinary drugs at a time of growing consumer concern over food safety, health officials say.
The Food and Drug Administration is seeking by July 29 public feedback on a new tool to improve testing for drug residues in U.S.-produced milk and dairy products, a program that the agency has not updated since 1992 when it was first implemented.
WASHINGTON (Reuters) – Republican presidential candidate Ben Carson said on Sunday his proposed flat-tax plan of about 10 percent was inspired by the biblical practice of tithing.
“You make $10 billion a year, you pay a billion; you make $10 year, you pay one. That’s pretty damn fair if you ask me,” Carson said on “Fox News Sunday.”
WASHINGTON (Reuters) – Revenues from shipping and package delivery services helped prop up the U.S. Postal Service’s finances in the second fiscal quarter of 2015, but the agency continued bleeding money as mail volumes tumbled.
USPS reported on Friday that it posted a net loss of $1.5 billion in the quarter that runs from January to March, down from the same period last year when it lost $1.9 billion.
WASHINGTON (Reuters) – The debate over gay marriage in America, one of the leading social issues of this era, played out on the sidewalks outside the U.S. Supreme Court on Tuesday as the nine black-robed justices weighed the arguments inside.
“You people are wicked, an abomination to God,” a demonstrator against legalizing same-sex marriage told gay rights supporters on a public address system set up outside the courthouse.
WASHINGTON (Reuters) – Foreclosure activity in the United States rose sharply last month, on an increase in bank repossessions, according to a report by industry firm RealtyTrac.
Foreclosures, which include foreclosure notices, scheduled auctions and bank repossession, were up 20 percent to a total of 122,060 last month, the group said on Thursday.
WASHINGTON (Reuters) – A Republican lawmaker pushing to reauthorize the U.S. Export-Import Bank said on Wednesday he was confident the export credit agency would get a lifeline before a June 30 deadline, based on “positive interactions” he has had with Ex-Im critic Jeb Hensarling.
Hensarling, chairman of the House of Representatives committee with jurisdiction over the bank, has said he wants the bank’s mandate to expire in June and he plays a key role in deciding whether legislation to renew it can progress to a vote.
WASHINGTON (Reuters) – The U.S. Postal Service on Tuesday unveiled a limited edition stamp honoring black poet and civil rights activist Maya Angelou.
The ceremony at the Warner Theater in Washington, D.C., included Angelou’s only son, Guy Johnson, First Lady Michelle Obama, media magnate Oprah Winfrey and U.S. Attorney General Eric Holder.
WASHINGTON (Reuters) – U.S. small businesses took out fewer loans last month but borrowing was up from a year ago as firms ramped up investments in their operations, according to data released on Tuesday.
The Thomson Reuters/PayNet Small Business Lending Index fell to 119.2 last month from 122.4 in January. Still, the index was up 7 percent from February 2014, signaling a steadily improving sector.