Top executives at three companies bailed out by U.S. taxpayers during the 2008 financial crisis were ordered to take pay cuts by the federal government.
The government says it will cap pay for Fannie Mae and Freddie Mac chief executives at $500,000 per year and eliminate annual bonuses for all employees. The changes come after Congress pressured the government to stop big payouts at the bailed-out mortgage giants.
About 95 percent of people with 401(k) retirement savings plans have more money in their accounts than they did at the peak of the market in October 2007
The number of people seeking unemployment benefits fell slightly last week to the lowest point in four years, a further sign that the U.S. job market is improving.
The federal deficit was lower in the first quarter of the 2012 budget year than the same period last year. Yet, the imbalance remains high by historical standards and should keep lawmakers debating tax increases and spending cuts through Election Day.
As baby boomers look ahead to retirement, they'd prefer a home that is affordable, accessible to medical care and close to family. But an Associated Press-LifeGoesStrong.com poll finds that amid a shaky economy, few think it's likely they'll move in retirement.
A tentative thumbs-up. That's the assessment from economists, who have offered mainly positive reviews of President Barack Obama's $447 billion plan to stimulate job creation.
Unemployment rates fell in a majority of U.S. cities in July, despite a weak economy that is producing few jobs.
DebugScreen: mobile
{
"author": {
"name": "Derek Kravitz",
"webUrl": "/author/profile/derek-kravitz/",
"description": "",
"imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g",
"estimate": 13,
"social": [],
"articles": [
{
"uri": "/2012/04/06/bailed-out-execs-take-pay-cut/",
"title": "Bailed-out execs take pay cut",
"byline": "Derek Kravitz",
"kicker": "",
"prettyDate": "April 06, 2012",
"timeToRead": "1 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/derek-kravitz/",
"name": "Derek Kravitz"
}
],
"kickerNode": [],
"summary": "Top executives at three companies bailed out by U.S. taxpayers during the 2008 financial crisis were ordered to take pay cuts by the federal government.",
"body": null
},
{
"uri": "/2012/03/09/fannie-freddie-ceo-pay-limited-bonuses-cut/",
"title": "Fannie, Freddie CEO pay limited, bonuses cut",
"byline": "Derek Kravitz",
"kicker": "",
"prettyDate": "March 09, 2012",
"timeToRead": "4 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/derek-kravitz/",
"name": "Derek Kravitz"
}
],
"kickerNode": [],
"summary": "The government says it will cap pay for Fannie Mae and Freddie Mac chief executives at $500,000 per year and eliminate annual bonuses for all employees. The changes come after Congress pressured the government to stop big payouts at the bailed-out mortgage giants.",
"body": null
},
{
"uri": "/2012/03/08/stock-rally-helps-regain-wealth-lost-in-recession/",
"title": "Stock rally helps regain wealth lost in recession",
"byline": "David Carpenter and Derek Kravitz",
"kicker": "",
"prettyDate": "March 08, 2012",
"timeToRead": "3 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/david-carpenter/",
"name": "David Carpenter"
},
{
"webUrl": "/author/profile/derek-kravitz/",
"name": "Derek Kravitz"
}
],
"kickerNode": [],
"summary": "About 95 percent of people with 401(k) retirement savings plans have more money in their accounts than they did at the peak of the market in October 2007",
"body": null
},
{
"uri": "/2012/03/01/jobs-picture-brightens-but-incomes-spending-weak/",
"title": "Jobs picture brightens, but incomes, spending weak",
"byline": "Christopher S. Rugaber, Derek Kravitz",
"kicker": "",
"prettyDate": "March 01, 2012",
"timeToRead": "4 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/christopher-s-rugaber-derek-kravitz/",
"name": "Christopher S. Rugaber, Derek Kravitz"
}
],
"kickerNode": [],
"summary": "Steady declines in applications for unemployment aid are pointing to another strong month of hiring in February.",
"body": null
},
{
"uri": "/2012/03/01/jobless-apps-dip-to-a-4-year-low/",
"title": "Jobless apps dip to a 4-year low",
"byline": "Derek Kravitz",
"kicker": "",
"prettyDate": "March 01, 2012",
"timeToRead": "3 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/derek-kravitz/",
"name": "Derek Kravitz"
}
],
"kickerNode": [],
"summary": "The number of people seeking unemployment benefits fell slightly last week to the lowest point in four years, a further sign that the U.S. job market is improving.",
"body": null
},
{
"uri": "/2012/01/12/us-govt-on-pace-for-smaller-deficit-in-2012/",
"title": "US gov't on pace for smaller deficit in 2012",
"byline": "Derek Kravitz",
"kicker": "",
"prettyDate": "January 12, 2012",
"timeToRead": "3 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/derek-kravitz/",
"name": "Derek Kravitz"
}
],
"kickerNode": [],
"summary": "The federal deficit was lower in the first quarter of the 2012 budget year than the same period last year. Yet, the imbalance remains high by historical standards and should keep lawmakers debating tax increases and spending cuts through Election Day.",
"body": null
},
{
"uri": "/2011/12/09/us-household-wealth-takes-biggest-hit-since-2008/",
"title": "US household wealth takes biggest hit since 2008",
"byline": "Dave Carpenter, Derek Kravitz",
"kicker": "",
"prettyDate": "December 09, 2011",
"timeToRead": "4 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/dave-carpenter-derek-kravitz/",
"name": "Dave Carpenter, Derek Kravitz"
}
],
"kickerNode": [],
"summary": "Americans' wealth last summer suffered its biggest quarterly loss in more than two years as stocks, pension funds and home values lost value.",
"body": null
},
{
"uri": "/2011/10/26/boomers-staying-put-amid-bad-economy/",
"title": "Boomers staying put amid bad economy",
"byline": "Derek Kravitz",
"kicker": "",
"prettyDate": "October 26, 2011",
"timeToRead": "5 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/derek-kravitz/",
"name": "Derek Kravitz"
}
],
"kickerNode": [],
"summary": "As baby boomers look ahead to retirement, they'd prefer a home that is affordable, accessible to medical care and close to family. But an Associated Press-LifeGoesStrong.com poll finds that amid a shaky economy, few think it's likely they'll move in retirement.",
"body": null
},
{
"uri": "/2011/09/09/economists-endorse-jobs-plan/",
"title": "Economists endorse jobs plan",
"byline": "Derek Kravitz, Paul Wiseman",
"kicker": "",
"prettyDate": "September 09, 2011",
"timeToRead": "6 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/derek-kravitz-paul-wiseman/",
"name": "Derek Kravitz, Paul Wiseman"
}
],
"kickerNode": [],
"summary": "A tentative thumbs-up. That's the assessment from economists, who have offered mainly positive reviews of President Barack Obama's $447 billion plan to stimulate job creation.",
"body": null
},
{
"uri": "/2011/08/31/unemployment-rates-fell-in-most-us-cities-in-july/",
"title": "Unemployment rates fell in most US cities in July",
"byline": "Derek Kravitz",
"kicker": "",
"prettyDate": "August 31, 2011",
"timeToRead": "2 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/derek-kravitz/",
"name": "Derek Kravitz"
}
],
"kickerNode": [],
"summary": "Unemployment rates fell in a majority of U.S. cities in July, despite a weak economy that is producing few jobs.",
"body": null
}
]
}
}
