U.S. Senator Mike Crapo called President Barack Obama’s $447 billion jobs proposal discouraging, saying the administration is relying on unaffordable spending initiatives rather than the more fundamental policy changes needed to battle unemployment.
Members of the U.S. Senate Banking Committee said they’d keep working to overhaul the housing- finance system after casting a narrow vote to advance a bill that would wind down Fannie Mae and Freddie Mac.
The U.S. Senate plan to dismantle Fannie Mae and Freddie Mac will leave it to the courts to decide how investors in the two companies are treated, Senator Mike Crapo said today in a Bloomberg Television interview.
The U.S. Senate Banking Committee’s top Republican is asking the investigative arm of Congress to determine whether the Consumer Financial Protection Bureau is acting within its powers in a sweeping data collection effort.