Construction spending falls more than expected WASHINGTON (AP) - Construction spending fell more than expected in May, a sign the problems facing the nation's builders are far from over. The Commerce Department said Wednesday that construction spending dropped 0.9 percent in May, nearly double the 0.5 percent decline that economists expected....
Freddie Mac gets another $6.1B from gov't NEW YORK (AP) - Battered mortgage giant Freddie Mac received $6.1 billion in new funds from the Treasury Department to help offset its mounting liabilities, according to a regulatory filing submitted Wednesday. The company could also be close to naming a new, permanent CEO, according to a report...
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