churches

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Boom-Time Loans Cripple Churches
Boom-Time Loans
Cripple Churches

Boom-Time Loans Cripple Churches

(Newser) - Even houses of worship are facing foreclosures and unpaid bills these days, the AP reports. With credit markets dried up, churches and synagogues—normally rock-solid in recessions—are abandoning half-built properties and scrambling to find a home. "We now have children who don't have classrooms to get into, adults...

Spiritually Sound, But Many Churches Literally Bankrupt

Donation lifeline dries up as recession bites, forcing many into Chapter 11

(Newser) - In trying times, many turn to the church to ease anxieties, but even houses of God haven’t been spared the wrath of recession, the Wall Street Journal reports. A church building boom begun in the 1990s has left many congregations overextended, and with the economic slowdown taking a sizable...

Obama's Church Flouts Tax Law
Obama's Church Flouts Tax Law

Obama's Church Flouts Tax Law

Candidate's church offers praise from the pulpit, pans opponent

(Newser) - Barack Obama's home church in Chicago may be risking its tax-exempt status by promoting the candidate in sermons. Churches are allowed to support specific causes, but not candidates, and some experts say the praise—and attacks on Hillary Clinton— violate IRS laws. "There does seem to be a pattern...

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