WASHINGTON, Nov 15- The leaders of the U.S. Senate Banking Committee appear unlikely to meet their goal of producing a bill by year-end that would wind down major mortgage finance companies Fannie Mae and Freddie Mac, given the shrinking timeline and the tricky politics.
WASHINGTON, June 25- A bipartisan group of U.S. senators on Tuesday introduced a bill to abolish Fannie Mae and Freddie Mac and replace them with a government reinsurer of mortgage securities that would backstop private capital in a crisis.
WASHINGTON, June 25- A bipartisan group of U.S. senators will introduce a bill on Tuesday to abolish Fannie Mae and Freddie Mac and replace them with a government reinsurer of mortgage securities that would backstop private capital in a crisis.
A new bipartisan bill, the Student Right to Know Before You Go Act, aims to press colleges into providing prospective students with data on the employment outcomes of graduates.
At the beginning of next year, $600 billion in tax increases and spending cuts- known as the fiscal cliff- will automatically become law unless Congress acts. However, there is a sense that neither the financiers and investors in New York nor the lawmakers in Congress are taking each other seriously enough.
WASHINGTON, Nov 2- After the Nov. 6 elections, urgent tax and spending issues must be addressed, forcing Washington's power players to make some tough decisions before the end of the year. Regardless of who wins the Nov. 6 presidential election, Obama will be in the White House during the final months of 2012 when the ``fiscal cliff'' must be dealt with.
While some people prefer to make monetary political contributions and leave their influence at that, there are others that are looking to have more say in the political process.