October 13, 2013. Announcer from nbc news, this is today with lester holt and erica hill live from studio 1a in rockefeller plaza. And welcome to today on this sunday morning. Im erica hill. Im lester holt alongside dylan dreyer and craig melvin in for jenna. Todays top story, the Government Shutdown is now 13 days old. Thats not all at this point. Were now just four days away from the country starting to run out of money to pay its bills. Still there is no deal on either crisis and no sense this morning that lawmakers are any closer to reaching an agreement. Kristen welker is at the white house to tell us more. Kristen, good morning. Reporter lester, good morning. Any hopes for a deal now rest with the senate where leaders will be back at the negotiating table today. With the markets set to open tomorrow, everyone from economists to average americans are hoping that progress comes soon. Its day 13 of the Government Shutdown and the publics patients with washington has just about run o
Obamacare transporters will old last month and it raises the iconic question, are you better off than you were four years ago. The answer for the nation is an unequivocal no. Jobs have been lost on our seven cut, employers have been forced to drop coverage and premiums have skyrocketed. Millions have lost coverage they were happy with. Obamacare has hurt medicare by cutting 156 billion out of medicare damage. This cut was a grave miscalculation. Medicare advantage is a shining Success Story the millions of seniors like my mother relied upon. In short, its a program that allows you to receive your coverage from a private provider using funding from medicare. And this tax on all kinds of Value Added Services for seniors. One of the reasons my mother picked her current provider is because in addition to good doctors coming to pick her up in a drive her to her appointments. This sort of competition in the marketplace invariably leads to two very good things. A decrease in prices and an inc
Treasury would feel the same way but i have not had any discussions about that. Me, ither thing intrigued will get the quote correct or close enough. You said that your goal is to reduce taxpayer risk through increasing the role of private capital. But after that you rejected the goal of contracting the Enterprises Market presence. To increase the role of capital. I am figuring out how you square those two. And then you said this is a decision to come so i know that youre are not going to announce it now. In my view you can look at an increase in the guarantees fees as either of those, contracting of the market presence or entering private capital. How does that fit in those criteria . We are balancing in a number of instances sometimes what appeared to be contradictory mandates. Think it is the role to contract the footprint of fannie and freddie. Maintain anto efficient credit market. As private capital demonstrates it will come into this market and it will be clear that fannie and f
We believe this will be a winwin for our hardest hit communities and for our conservatorship objectives. Weve also received a number of inquiries about changing the eligibility requirements. Because the number of borrowers we could add by extending the eligibility date or by changing performance requirements is relatively small, we have decided not to alter eligibility parameters. Fhfa is, however, working to retarget our h. A. R. P. Outreach efforts to the approximately 750,000 of borrowers who already qualify and would financially benefit from refinancing under h. A. R. P. We are exploring outreach efforts designed to gain the trust of these in the money borrowers so they will take action to refinance. Its already in their financial interest to do so. Fhfa maintain strategical also stands to fannie and freddies multifamily loan businesses. This is a critical part of the 2014 Strategic Plan, particularly in light of the increasing number of households who are renting instead of owning
Federal reserve shows student debt levels have doubled over the past 10 years, erasing ownership dreams for many. Something policymakers in washington seem to want to ignore. It is no wonder because in our nations capitol the good times keep on rolling. Usually when were talking about houses in washington, were talking about this one. Or this one. But the nations capitol is also home to a rather unusual market, a market that is often called recessionproof. D. C. Went down only about 10 in the downturn and sort of already made that back. A lot less volatile but yes, highpriced and expensive. But also in some degree supported by high levels of income. People get paid a lot here. Gerri when mark fleming says people get paid a lot, he isnt kidding. Six of the nations 10 wealthiest counties are in the d. C. Metro area according to forbes. Falls church, virginia, forbes says more than half houses are valued between half a million and one million dollars. Annual Median Household Income in fal