Committee will come to order. Let me think our witness for your patience. We are now ready to proceed under the five minute rule and i will give myself five minutes to begin the question phase of the hearing. Over the last year, has taken a number of actions to reduce the ability of fha borrowers to utilize down payment assistance programs from governments and cities. To purchase a home and has indicated that it intends to issue a proposed rule affecting down payment assistance in january. Secretary carson testified before this committee in june that he was not familiar with the hud data that identifies which Government Entity is providing down payment assistance and it appears that hud cannot determine which Government Programs are providing down payment assistance for any fha loan. Which is critical before attempting to issue new regulations of government down payment assistance programs. Will you commit to not moving forward any rulemaking or other Administrative Changes related to
Host we have been talking with sam goldfarb from cq roll call. Thank you very much. Explores the history and literary culture of all money of albany. Tonight on cspan, a Senate Debate on the fiscal cliff. Shaun donovan discusses it. Harry reid and Mitch Mcconnell when backandforth on fiscal cliff issues and a proposal to raise the debt ceiling. Here is part of their exchange. Yesterday afternoon, i came to the floor and offered president obamas proposal on the fiscal cliff to show that neither he nor democrats in congress are acting in good faith in these negotiations. With just a few weeks ago before a potentially entirely avoidable blow to the economy, the president proposed a plan the members of his own party will even vote for. He is not interested in a balanced agreement, not particularly interested in avoiding the fiscal cliff, and clearly not interested at all in cutting any spending. With the president is really in, as we learned just yesterday, is getting as much taxpayer mone
I guess i dont like it a whole lot. What would we find i sound just like my dad. There are great people out there, i know it. And i dont mean to condemn it but i think its passed me by a little bit. I still have a wonderful career and a beautiful audience that i really love but the spotlight is elsewhere now and im a known quantity now. And thats fine with me to play out this hand. But i dont pay a whole lot of attention to i never did listen much to the roofment when i was a kid i did. I dont listen to music much. Kim works with the boston symphony and we get a lot of classic cal music in the house. We have 11yearold twin boys and they have their preferences, maybe its because theyre playing most of the popular music im hearing in the house i have such a negative take on it. Do you have an i pod . No an ipad. Do you listen to music on there . No i listen on cd and vinyl. They have said taylor swift is named after you. What do you think of her music . I like her music. And i like the n
United states of america. And widows and orphans funds will invest in government bonds. Host alma, thank you for your call. We will consider your suggestion. The senate banking, housing and urban Affairs Committee is about to hold a hearing on the oversight of the fha program. Shaun donovan will be testifying. We will be going to that as soon as that hearing begins. I want to show you this article in the New York Times took. President obama plans to ask congress for about 50 billion for emergency funds to help rebuild the states the were ravaged by hurricane sandy. Regional leaders complained wednesday it was not enough. The white house will send the proposal to capitol hill this week. It should be between 45,000,000,000. 50 5 billion, according to officials 45 billion and 55 billion, according to officials. Both democratic and republican lawmakers from the region quickly expressed disappointment in the pending request and lobby the administration to increase it before sending it to co
Authors who have a very cool index of economic uncertainty. It is a very innovative paper. They estimated that the debt limit struggle probably subtracted about 1. 5 from gdp growth during that summer when it was happening egos of the uncertainty and inactivity that was caused by levels of uncertainty. Each time we go through that, there are consequences. I would like to add if that is what it takes to get spending under control, we need to concede that in the long run there will be a benefit, which means we do not have these deficits. In the fullness of time, whether a struggle last summer was worth it, if we have the spending cuts and deficits are lower, it might have higher Economic Growth in the long run because we went to that struggle last year. Your position is that we should be ready to go through that struggle again and to call upon the National Debt is necessary in order to enforce spending limits . That, of course, is not my position. We should never default on the National