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CBO Cost Estimate of H.R. 2767 as ordered reported by the House Committee on Financial Services on July 24, 2013: “H.R. 2767 would require the Federal Housing Finance Agency (FHFA) to repeal the charters of Fannie Mae and Freddie Mac and end the operations of those firms five years after enactment of the bill (and …
Report By Dottie Rosenbaum and Brynne Keith-Jenning – October 24, 2013 “The 2009 Recovery Act’s temporary boost in Supplemental Nutrition Assistance Program (SNAP) benefits ends on November 1, 2013, which will mean a benefit cut for each of the nearly 48 million SNAP recipients — 87 percent of whom live in households with children, seniors, …
A Better Path Forward on the Volcker Rule and the Lincoln Amendment by James D. Cox, Jonathan R. Macey and Annette L. Nazareth “Two late additions to Congress’s response to the financial crisis have proved to be among the most complex and challenging for U.S. financial regulators to put into place. The degree of difficulty …
CRS – Unemployment Insurance: Programs and Benefits, Julie M. Whittaker, Specialist in Income Security; Katelin P. Isaacs, Analyst in Income Security. September 17, 2013 “Various benefits may be available to unemployed workers to provide income support. When eligible workers lose their jobs, the Unemployment Compensation (UC) program may provide up to 26 weeks of income …
News release: “Five federal regulatory agencies today issued a statement to address industry questions about fair lending risks associated with offering only Qualified Mortgages. Creditors have asked for clarity regarding whether the disparate impact doctrine of the Equal Credit Opportunity Act (ECOA) and its implementing regulation, Regulation B, allows them to originate only Qualified Mortgages. …
CRS – Updating the Statutory Framework for Communications for the Digital Age: Issues for Congress. Charles B. Goldfarb, Specialist in Telecommunications Policy. September 30, 2013 “The statutory framework for the communications sector largely was enacted prior to the commercial development and deployment of digital technology, Internet Protocol (IP), broadband networks, and online voice, data, and …
The Deal to Reopen the Government and Raise the Debt-Ceiling
Mortgage Market Conditions and Borrower Outcomes: Evidence from the 2012 HMDA Data and Matched HMDA–Credit Record Data, Neil Bhutta and Glenn B. Canner “This article describes mortgage lending activity in 2012 based on newly available data reported under the Home Mortgage Disclosure Act of 1975 (HMDA). In addition, we present the results of a first …
September 26, 2013, Testimony by Dean Baker [Center for Economic and Policy Research] before the U.S. Senate Committee on Homeland Security & Governmental Affairs: “For the last four decades the Postal Service has been operating with a mandate under which it was expected to compete with private companies. The expectation has been that the Postal Service would …
“The current across-the-board cuts in federal spending have already damaged both national security and the economy, with the negative impact likely to double or triple in the next two years, according to a study released today by the Bipartisan Policy Center (BPC). The analysis was co-chaired by former Senators Pete Domenici, a BPC senior fellow, …
From the start, signs of trouble at health portal: Many deadlines missed – NYT, by Robert Pear, Sharon LaFraniere and Ian Austen: “For the past 12 days, a system costing more than $400 million and billed as a one-stop click-and-go hub for citizens seeking health insurance has thwarted the efforts of millions to simply log …
Rather than savage cuts, Switzerland considers “Star Trek” economics, by Josh Eidelson. “By gathering over 100,000 signatures – which they delivered last Friday along with 8 million 5-cent coins representing the country’s population – activists have secured a vote by Switzerland’s parliament on an audacious proposal: providing a basic monthly income of about $2,800 U.S. dollars to each adult …
