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A bill aiming to spur substantive reform of the government's role in housing finance was introduced Thursday by a bipartisan group of senators. The "Jumpstart GSE Reform Act" would prevent Congress from using any increase in certain fees charged by mortgage buyers Fannie Mae and Freddie Mac to offset other government spending. In addition, the U.S. Department of the Treasury would be prohibited from selling its preferred shares in Fannie and Freddie without an OK from Congress and structural housing finance reform. Critics say that Congress and the administration have been too slow on reforming Fannie and Freddie, with many concerned about partisan discord preventing meaningful progress in the near term. The GSE bill, backed by Democrats and Republicans, aims to jump-start the reform process. "We know our housing finance system is not sustainable in its current form, and this legislation will keep us on a path to accomplish real reforms. We believe that as we transition Fannie and Fred...
After the November 6 elections, urgent tax and spending issues must be addressed, forcing Washington's power players to make some tough decisions before the end of t...
Northwestern Mutual Managing Director Mark Warner on efforts to help veterans get jobs.
FBN’s Neil Cavuto on covering the Conventions.
FBN’s Gerri Willis on how the richest lawmakers got their wealth.
Raymond James vice chairman Fred Lane weighs in on Congress and the markets.
“Demonic” author Ann Coulter on who might be the potential Republican Vice Presidential nominee.
By Thomas Ferraro and Rachelle YounglaiThe Obama administration and the regulator for Fannie Mae and Freddie Mac are expected to unveil new steps to help distressed ...
The Federal Reserve plans on sending Congress "legislative recommendations" on how to help the housing market recover, Senator Dianne Feinstein said on Thursday afte...
Sen. Mike Crapo, (R-Idaho), on efforts to reach a deal on the debt ceiling.
Sen. Kent Conrad, (D-ND), on the progress in the debt negotiations.
Professor Paul Light of the NYU Wagner School of Public Service breaks down easy ways for the government to save $1 Trillion.
Top U.S. lawmakers Thursday are expected to discuss one of the biggest hurdles to a debt-reduction deal that would allow the United States to continue borrowing at r...
America Online co-founder Steve Case and Sen. Jerry Moran, (R-Kan.), on how the jobs bill for skilled immigrants can boost job growth for Americans.
Sen . Mark Warner , (D-Va.), on the steps to boosting America’s energy production while making the country’s energy usage more efficient.
Sen. Mark Pryor, (D-Ark.), on his support for the XL Pipeline construction.
Shares of gun manufacturers barely budged in the aftermath of recent mass shootings, but last week's massacre at Sandy Hook Elementary School appears to have serious...
As the impact of last week's school shooting in Connecticut continues to reverberate, private-equity giant Cerberus Capital Management disclosed plans on Tuesday to ...
Senator Mark Warner , (D-Va.), weighs in on the jobs report in November and fiscal cliff negotiations.
Exit presidential elections. Enter looming budget crisis. And once again, a disconnect between how Washington and Wall Street see the world could cause pain for inve...
