Fed economist pushes homebuyer down payment subsidy Fed economist pushes homebuyer down payment subsidy – A Federal Reserve Bank of Cleveland research economist asserted Wednesday that the government may increase long-term housing sustainability by putting forward a homebuyer down payment assistance.

Top leaders of both parties in Congress made better-than-expected progress Tuesday on two must-do items on the legislative agenda: averting automatic budget cuts and meeting a deadline later this.

 · ”Big 4″ congressional leaders are meeting with top White House officials this week with hopes of avoiding strict spending cuts later this year.

With the announcement of a two-year budget deal negotiated by the White House and top congressional leaders, Congress is poised to lift the debt ceiling and ease fiscal. billion for two years in.

Collins, King Call on President and Congress to Reach Agreement to Avert Sequestration, Reduce Debt. For example, at Portsmouth Naval Shipyard, the Navy is prepared to cut the pay of its civilian workforce by 20 percent, the result of a 22-day furlough, and to defer or cancel critical repairs to the USS MIAMI submarine.

President Barack Obama met with the top four congressional leaders. happening to avoid it. Even if Republicans did want to reach an agreement, Lux said, “without a leader who can cut a decisive.

WASHINGTON (AP) – Top leaders of both parties in Congress made progress Tuesday on two must-do items on the legislative agenda: averting automatic budget cuts and meeting a deadline later this.

White House – Congressional Leaders reach debt ceiling compromise; Must Now Sell Plan to the Congress A “deal” has been struck over the weekend between the White House and congressional leadership to raise the federal government’s debt ceiling in exchange for significant cuts in spending levels over the next decade, and avoid a first.

California expands mortgage help to those with second homes More than 28% of US homeowners underwater on their mortgage The VA Home Loan program, founded in 1944 as part of the GI Bill, had a total of $427 billion worth of loans outstanding at the end of September, up from $380 billion a year ago, according to Inside.California Foreclosure: Second Mortgages and HELOCs | Nolo – California Foreclosure: Second Mortgages and HELOCs Are you facing foreclosure in California and have a second mortgage, home equity line of credit, home equity loan, or other lien against your home? Find out what happens to those mortgages in California foreclosures and learn whether one of those lenders can initiate a foreclosure.

Such a proposal, among suggestions to a congressional. avoid painful automatic cuts, and is mandated to seek savings of up to $1.5 trillion. Those savings are on top of $917 billion in deficit.

Driving the bipartisan talks is the desire to avoid automatic spending cuts that threaten to hit the Pentagon and other federal agencies with budget reductions averaging 10 percent. At the same time, increasing the debt limit is required to avert a first-ever, market-quaking default on government obligations like interest payments and Social.

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However, Obama would be able to request only up to $1.2 trillion in additional debt ceiling if the special congressional committee fails to agree to at least $1.2 trillion in cuts.

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