Homeowners can deduct the mortgage interest they pay each year while submitting their taxes, but a new proposal by President Obama's bipartisan deficit commission would eliminate that deduction. Past attempts to cut the incentive have made little headway in Congress.
Gene J. Puskar/AP
Community leaders and homeowners who have lost their homes to foreclosure protest at a rally in Los Angeles last month. Bank of America has acknowledged finding some mistakes in its foreclosure files.
Fed policymakers meeting Tuesday are expected to launch a new course of economic stimulus. Their likely course of action: quantitative easing. A decision is expected Wednesday.
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Anthony Maglica (right), the founder of Mag Instrument, visits the factory floor in Ontario, Calif., nearly every morning. He is dedicated to manufacturing the company's flashlights in the U.S.