U.S. Foreclosure Filings Increase at Slowest Pace in Four Years

U.S. foreclosure filings rose at the slowest pace in four years in February as the government sought to reduce record bank seizures. The national foreclosure rate fell 2% in February from last month, according to an industry report. DTR2WHFS9QFR

RealtyTrac CEO James Saccacio is quoted
"This leveling of the foreclosure trend is not necessarily evidence that fewer homeowners are in distress and at risk for foreclosure, but rather that foreclosure prevention programs, legislation and other processing delays are in effect capping monthly foreclosure activity -- albeit at a historically high level," he said.

Shares of government-backed companies surge

American International Group's stock is surging on optimism about the insurer's efforts to sell assets and repay billions of dollars in taxpayer support.Citigroup rallied also, because of speculation that the federal government may sell its stake in the bank sooner. These 2 stocks are a must watch in the next few days. Shares may skyrocket.

Another rumour:
"Traders attributed some of the gains to speculation about limits on short selling of companies where the U.S. government is a major investor. However, the Securities and Exchange Commission denied this."

China says committed to U.S. debt, wary on gold

China is the world's biggest holder of foreign exchange reserves and it renewed its commitment to the U.S. Treasury market but said it would be wary of increasing its gold holdings.

"The U.S. Treasury market is the world's largest government bond market. Our foreign exchange reserves are huge, so you can imagine that the U.S. Treasury market is an important one to us," Yi Gang, head of the State Administration of Foreign Exchange , told a news conference.

US Debt News - Fed Keeps Rates On Hold, Citing the Weak US Economy

Good Article on CNBC website.... US is still in trouble and no signs of recovery ....read more

US NATIONAL DEBT NEWS - Worries Rise on the Size of U.S. Debt

Good article by the NewYork Times about US debt...read here

Poor Obama.....a very hard road in front of him.....

US National Debt News - Treasury to Auction $104 Billion In Debt Next Week, a Record

Wow....pretty scary stuff but maybe going in the right direction. The world needs the US! Treasury announced Thursday a record $104 billion worth of bond auctions for next week....read more

United States Debt news - Bernanke Warns Deficits Threaten Financial Stability

Great Article on just how bad shape the US is by Bloomberg "U.S. budget deficits threaten financial stability and the government can’t continue indefinitely to borrow at the current rate to finance the shortfall." .... Bernanke’s comments signal "that the central bank sees risks of a relapse into financial turmoil even as credit markets show signs of stability. He warned the financial industry remains under stress and the credit crunch continues to limit spending." Read more