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System. Fannie mae and freddie mac have been in conservatorship for close to nine years. In september 2008, then treasury secretary hank paulson famously described the conservatorships as a timeout. Today, fannie and freddie along with fha continue to dominate the Mortgage Market. Approximately 70 of the mortgages are backed by the federal government. While fannie and freddie are currently earning profits, if the Housing Market experiences a downturn, taxpayers could again be on the hook for billions of dollars. The status quo is not a viable option. The Housing Finance system depends on two G...

A busy day in washington plus, the president is abroad, hes in paris for his third foreign trip were going to hear from him multiple times in the next few hour what retail pain target boosts its outlook as traffics improving. And a live and exclusive interview with the cbs chairman and ceo, Leslie Moonves in the next few minutes busy day on capitol hill fed chair yellen returns for a second day of testimony, later in this hour, this time before Senate Banking her comments on rates sparked the dows rally to that record high also this morning, Senate Republicans set to unveil their revised Healt...

Welcome chair yellen promoting Economic Growth this a top priority for the committee in congress we have been encouraged to see stakeholders carefully evaluate current laws and regulations since the last hearing in february there have been numerous developments to impact Economic Growth legislation with more than 100 submissions from the stakeholders are listed on the committees website if you are interested to put together legislation the committee has held numerous hearings and federal financial regulators issued the second report and the Treasury Department issued the first report on the Co...

Welcome chair yellen promoting Economic Growth this a top priority for the committee in congress we have been encouraged to see stakeholders carefully evaluate current laws and regulations since the last hearing in february there have been numerous developments to impact Economic Growth legislation with more than 100 submissions from the stakeholders are listed on the committees website if you are interested to put together legislation the committee has held numerous hearings and federal financial regulators issued the second report and the Treasury Department issued the first report on the Co...

Welcome. Promoting Economic Growth remains are top priority for this committee and this congress. It is carefully and thoroughly evalwaiting current laws and regulations. There have been numerous developments that will impact Economic Growth legislation. Senator brown and i have so police sa solicited and more than 100 submissions have come in. They are listed on the committees were site. They issued their second report. The Treasury Department issued the First Department in it is finding ways to help our economies improve. Support for Bipartisan Legislation continues to build. Particular inte...