Bob Corker News
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As a North Carolina congressman, Mel Watt has tried to arm struggling homeowners with a legal “sledgehammer” against lenders and expand the ranks of people eligible to cut their mortgage principal.
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U.S. Treasury Secretary Jacob J. Lew called IRS screening of Tea Party groups unacceptable, saying the administration of the nation’s tax system should stay free of political preferences.
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President Barack Obama and Turkish Prime Minister Tayyip Erdogan presented a joint front against Syrian dictator Bashar al-Assad even as Obama shies away from deeper U.S. involvement in the conflict, such as sending weapons to the rebels.
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U.S. lawmakers introduced legislation that would authorize President Barack Obama to provide arms to the Syrian opposition, even as support for the rebels weakened at the United Nations.
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The U.S. budget deficit will shrink by the end of fiscal 2013 to $642 billion, the smallest shortfall in five years, according to the nonpartisan Congressional Budget Office.
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President Barack Obama said his administration made no attempt to cover up the involvement of terrorists in last year’s deadly attack on a U.S. outpost in Libya, dismissing a congressional inquiry as a “political circus.”
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“It was like Elvis was in the house,” said Senator John McCain. “I’ve never seen anything like it.”
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President Barack Obama, who has been intensifying his lobbying with Congress to lay the groundwork to change U.S. immigration laws and cut the government deficit, invited three senators -- two Republicans and one Democrat -- for a round of golf today.
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Hedge funds including Paulson & Co. Inc. are pushing Congress to abandon plans to liquidate Fannie Mae and Freddie Mac as investors buy up preferred stock that has long been considered worthless, according to people with knowledge of the discussions.
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President Barack Obama nominated Representative Mel Watt to be director of the Federal Housing Finance Agency after months of political pressure from consumer advocates to find a new overseer for Fannie Mae and Freddie Mac.
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