Treasurys head for biggest weekly loss this year

Date: Fri, 26 Mar 2010 12:01:08 -0400

TREASURYS HEAD FOR BIGGEST WEEKLY LOSS THIS YEAR
Treasurys face renewed selling pressure amid heightened concerns about
the government's ability to finance its deficits and as investors turn
to seeking out higher yields in other asset classes.

WHITE HOUSE EXPANDING MORTGAGE-RELIEF PROGRAM
The Obama administration lays out adjustments to be made in its $75
billion mortgage-modification program, with the aim of assisting a
greater number of unemployed homeowners avoid foreclosure.

YOUR HOUSE CAN BRING BIG BREAKS AT TAX TIME
A tax credit of up to $8,000 was a big incentive for first-time buyers
to buy a house over the last couple of years, but a slew of other tax
advantages will keep rewarding those new homeowners long after that
money hits their bank accounts.

WHAT TO DO WHEN A CONTRACTOR DOES SHODDY WORK
Taking a contractor to court is a tactic of last resort. Before doing
that, determine if he is a member of a local trade association and
whether your state has some kind of fund that compensates consumers
for shoddy or incomplete work by licensed contractors.

U.S. GDP REVISED LOWER TO SHOW 5.6% GROWTH
The U.S. economy grew at the fastest pace in six years during the
final three months of 2009, data show. The 5.6% growth rate in the
government's final reading on gross domestic product reflects a
combination of huge inventory adjustment, strong business investments
and modest consumer spending.