Late mortgage payments and home repossessions in the United States reached their highest level according to the Mortgage Bankers Association (MBA) data confirming investor fears that the sector is struggling and may weaken more.
United States current account deficit in the fourth quarter of 2006 fell to its smallest in more than a year helped by lower oil prices and a steady rise in U.S. exports, according to a Commerce Department report released Wednesday.
United States mortgage applications rose last week with both new purchases and re-financings driven up by the lowest long-term home loan rates since early December, according to a report from the Mortgage Bankers Association.
Wall Street shares rebounded Wednesday after a stocks sell-off in Europe prompted by continued concerns about the US economy and mortgage industry. Asian markets were also volatile reflecting similar sensitivity.
Mexico's President Felipe Calderon won a pledge on Wednesday from President George W. Bush to push for a U.S. immigration bill after a meeting that Calderon said may signal a new stage in the two countries' relations.
President George W. Bush arrived in the Mexico's Yucatán capital of Mérida late Monday on the last leg of his five-nation Latin American tour. He is set to meet President Felipe Calderón Tuesday to talk trade, migration and security, all highly controversial issues for the neighboring countries.
United States President George W Bush has pledged to reform controversial immigration laws during a two-day visit to Mexico but his host President Felipe Calderón strongly criticized US plans to build a border fence of 1.200 kilometers.
Mr Bush made the announcement on Tuesday at the start of talks with Mexico's Calderon, on the final leg of his seven-day tour of Latin America
Famous for his bloopers and possibly haunted by the outbursts of another Latinamerican leader, President George Bush was up to his best while in Uruguay when he praised the excellent Venezuelan beef, sorry I mean Uruguayan beef.