The US government posted a $US159.3 billion ($A169.52 billion) surplus in April, helped by the mid-month deadline for individuals meeting 2007 tax obligations, but it was down from the prior year’s surplus, the Treasury Department reported on Monday.
In April 2007, the surplus was $US177.7 billion ($A189.1 billion).
In the first seven months of fiscal 2008, which [...]

A Washington think tank is warning that housing prices are falling at an accelerating level, destroying wealth at a pace that will cost the average homeowner $85,000 in lost wealth this year alone.
The projections by the Center for Economic and Policy Research are based on the numbers in Tuesday’s Case-Shiller home price index, which showed [...]