US Political News and Commentary | Government Coverage
January 5th, 2010
Housing and Urban Development | 
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“The best response to the housing bubble would have been regulatory, rather than monetary,” Bernanke said yesterday in remarks to the American Economic Associations annual meeting in Atlanta. The Feds efforts to constrain the bubble were “too late or were insufficient,” which means that regulatory actions “must be better and smarter,” he said. [...]
November 12th, 2009
Housing and Urban Development | Be the First to Comment
“The process of announcing nominees does take some time given the rigor of the process to ensure that important positions like this one are filled by the highest quality people,” Jennifer Psaki, a White House spokeswoman, said in an e-mail yesterday.
Taxpayer [...]
October 21st, 2009
Housing and Urban Development | Be the First to Comment
Housing and Urban Development Secretary Shaun Donovan says the administration is not sold on the idea. For the past several weeks, Obama administration officials have been talking about possibly extending the credit to help spur the economy and create jobs. But at a congressional hearing Tuesday, Donovan said the administration needs better cost estimates.
“To truly [...]
October 16th, 2009
Housing and Urban Development | Be the First to Comment
Some Federal Open Market Committee members argued that expanding their purchases above $1.25 trillion might help to “reduce economic slack more quickly,” according to minutes of the Federal Open Market Committees Sept. 22-23 meeting released yesterday in Washington.
Policy makers considered a [...]
October 13th, 2009
Housing and Urban Development | Be the First to Comment
The 1977 Community Reinvestment Act was intended to end redlining, a practice in which banks in effect walled off many inner-city neighborhoods from mortgage loans. But some GOP lawmakers say it has outlived its purpose and is being used inappropriately by ACORN to shake down banks for money. They want to repeal the law, scale [...]
July 9th, 2009
Housing and Urban Development | Be the First to Comment
The number of homeless has remained steady since 2007, but within the overall count are trends that can tell officials where federal resources would do the most good, the Housing and Urban Development Department says in its annual report to Congress being released Thursday.
About 1.6 million people used a homeless shelter or lived in transitional [...]
May 19th, 2009
Housing and Urban Development | Be the First to Comment
Housing authorities in New York City, Los Angeles, Chicago and Baltimore are examples of agencies that fail to meet the threshold that federal officials have established for getting some of the stimulus dollars, says the Council of Large Public Housing Authorities, a trade group.
Those agencies will still get money for capital improvements because $3 billion [...]
February 18th, 2009
Housing and Urban Development | Be the First to Comment
Obama intends to make loan modifications the centerpiece of plan that also gives bankruptcy judges more power to help borrowers keep their homes, said people familiar with the matter. Obama, in Phoenix on the second stop of a two-day swing through the U.S. West, will announce details at 10:15 a.m. local time as he campaigns [...]