Kerry Hopes Tax Incentives Bill Passes This Year

Despite doubts from many in Washington that an oil spill response bill, let alone a comprehensive climate bill, can pass the Senate this year, Sen. John Kerry (D-Mass.) is holding out hope that his energy tax incentives bill will become part of an energy bill that passes this year.

Treasury Says Cramdown Is Still Off the Table, Even Though Loan Modifications Aren’t Working

As Mike pointed out today, the slow pace of loan modification progress has prompted some lawmakers to once again call for mortgage cramdown legislation that would allow bankruptcy judges to modify loans and keep borrowers in their homes.

But the Obama administration is signaling clearly that while it may More…