Greenspan Calls For Cash Infusion To Help Struggling Homeowners - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

Greenspan Calls For Cash Infusion To Help Struggling Homeowners

Updated:
WASHINGTON (AP) Former Federal Reserve Chairman Alan Greenspan has suggested that a tax break or other government financial help for homeowners facing the mortgage crunch would be the best political fix for the economy.

Appearing on ABC's ``This Week,'' Greenspan did not specifically call for a tax cut. Instead, he called for the government to apply money to the severe housing market slump. Such a cash infusion would typically come through a tax break or a new government spending program.

Separately, Greenspan said he was concerned about signs of a resurgence of inflation, adding that the Federal Reserve needs to do ``what it has to do'' to suppress the inflation rates he sees emerging.
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103
Newson6.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2017 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.