Government Policy and Law

The Federal Deposit Insurance Corp. (FDIC) is poised to recoup more than $1 billion in losses stemming from the credit crisis, Bloomberg reported.

The agency, which is continuing its probe into the financial meltdown, has …

The Iowa Supreme Court has affirmed a decision by the Iowa Court of Appeals related to the state’s use-tax exemption policy on equipment indirectly used in a manufacturing process. In an opinion issued this morning, …

Iowa has received a funding commitment of $13.2 million from the Treasury Department to expand the state’s small business lending programs, the Treasury announced this morning. The funding was authorized by the Small Business Jobs …

The U.S. Treasury Department expects to lose $29 billion on the bailouts stemming from the financial crisis, with most of the losses in its housing finance program and the “cash for clunkers” initiative, The New …

Homeowners at risk of foreclosure in Iowa could receive assistance through a federal bridge loan program. On Tuesday Sen. Tom Harkin announced that that Iowa will receive nearly $17.4 million from the Emergency Homeowners Loan …

Federal Reserve Chairman Ben Bernanke and President Barack Obama both addressed the federal deficit yesterday.

Bernanke said adopting rules that limit federal spending or debt can help put the United States on a more sustainable …

The Iowa Smart Planning Task Force will hold a series of public meetings to get feedback on draft recommendations to support smart planning in Iowa.

The task force was created during this year’s legislative session …

The Ankeny City Council took action yesterday to support Accu-Mold LLC, which announced plans to expand its operations in Ankeny with a $5 million, 40,000-square-foot facility.

The expansion will create 43 jobs. The city will …

The U.S. Department of Justice has reached a settlement in a civil antitrust lawsuit against the nation’s largest credit card issuers. The settlement will enable merchants to offer consumers incentives to use lower-cost cards and …

Orders for U.S. capital goods rose in August more than previously estimated, a sign companies are replacing outdated equipment. Total bookings dropped, pulled lower by a decline in demand for aircraft, Bloomberg reported.

Orders for …