Bredesen: Time for Break on Business Incentives (The Memphis Daily News)
Tennessee will suspend efforts to attract more large business projects if it lands one or two more deals on the scale of the $1 billion Volkswagen pla....
Concern over interest-only mortgages (Channel 4)
Nearly half of people with interest-only mortgages have no investment in place to repay the money they owe, research has shown.
Main Street Bailout Plan? Down Payment Assistance (CBS 46 News Atlanta)
It's a grassroots bailout plan that actually does bailout Main Street, instead of Wall Street. | Video
Top lawmakers back plan to help borrowers (The Post and Courier)
WASHINGTON — Top lawmakers threw their support Tuesday behind a proposal to use $24 billion in government funds to help struggling borrowers, as reports showed U.S. home prices sinking in four out of five cities and home builders reported their worst-ever business outlook.
Lawmakers press Paulson on bailout plan changes (AP via Yahoo! News)
Faced with exasperated lawmakers upset by shifts in bailout strategy, Treasury Secretary Henry Paulson launched a spirited defense Tuesday of his handling of the $700 billion program and expressed fresh reservations about tapping the pool for mortgage guarantees to relieve skyrocketing home foreclosures.
Rock denies repossessions claim (The Herald)
Just 1% of the cash Northern Rock is using to repay the government comes from repossessions Ron Sandler, the nationalised lender's chairman said yesterday, but acknowledged it is revising its controversial business plan.