hearings on capitol hill where lawmakers are probing whether or not the fbi and doj have politicized justice to attack american civil liberties. this is falling under that brand-new subcommittee on the weaponization of the federal government, ohio republican jim jordan. welcome back as america reports rolls into hour two. i m sandra smith in new york. john: sandra, good to be with you. as we watch our colleague, jonathan turley on the stand. two of the witnesses are senators leading investigations into the biden family business dealings. david spunt has been watching the opening statements. he is live ste justice department now. david, what are you seeing? senator ron johnson has paid close attention not only to the department of justice but the fbi. he noted in his testimony, john and sandra, he wrote more than 50 letters to the fbi and doj and said few of them were answered adequately, many were not even responded to. this is a hearing as you mentioned for a new subco
And past president of the club. The club was started in 1968 and has met roughly 40 weeks out of every year since, presenting leading economists, talking about issues of the day. Today were pleased to have mark gold wine to talk about the return of a trillion dollar deficits. Before i introduce mark, let me tell you about some upcoming programs. We have dr. Alice rivlen on february 1st at a luncheon right here talking about fed policy, maybe a little bit about the budget we have commitments to speak in february, although the dates havent been set. Mark goldwine is one of the sharpest young budget economist deficit hawks at 33 years old, hes had a lot of experience in the budget arena. He worked on the Simpson Bowles commission in 2010. Hes got a ba and ms in economics from Johns Hopkins and he also teaches there. And at the university of california, d. C. Finally, mark is a new father, so this topic is very appropriate in the hopes that his kid and our kids dont pay more than they have
And less cash in home buying and lender underwriting. Weve talked a lot about some loosening in the market. More adjustable rate loans and even interestonly loans coming back. Freddie mac made some changes when it comes to student low debt as well. That should give branks and nonbank lenders a boost in earnings for the year. We actually have more housing data out today. Mortgage makeses edging up ever so slightly 0. 1 last week but existing home sales, thats where i really want to focus in on because they came in quite strong. Right . Yes, mandy. Were seeing healthier sales in june. Prices, not so much. Sales gained a larger than expected 3. 2 in june for the month, up 9. 6 for the year. Thats the strongest monthly pace in over eight years. But they came at a very high price. The median existing home price hit 236,400. Thats the highest ever. It is due to tight supply up less than half a percentage point from a year ago, just 2. 3 million homes for sale. It is also due to more expensiv
Since before the financial crisis. The National Association of realtors says sales rose 3. 2 in june helped by steady job growth and an improving economy. That report helped send shares of Home Builders higher even as the Broader Market fell today. And while it may seem like the housing recovery is firing on all cylinders, diana tells us there is something not quite right. Reporter the number for the Spring Market are in and strong. Home sale rose more than 3 for may and are now up nearly 10 for the year. Thats the highest monthly pace in over three years but the sales came at a high price. The median existing home price hit 236,400. The highest ever. Thats due to tight supply barely up at all from a year ago. At some point, there will be a choking point with prices rising and we are facing a rising interest rate. That hurts availability. So we may see buyers being chopped off. Not because of the lack of desire to buy a home but the price increase is preventing many people being able t
Sales to their highest lel since before the financial crisis. The National Association of realtors says sales rose 3. 2 in june helped by steady job growth and an improving economy. That report helped send shares of Home Builders higher even as the Broader Market fell today. And while it may seem like the housing recovery is firing on all cylinders, diana tells us there is something not quite right. Reporter the number for the Spring Market are in and strong. Home sale rose more than 3 for may and are now up nearly 10 for the year. Thats the highest monthly pace in over three years but the sales came at a high price. The median existing home price hit 236,400. The highest ever. Thats due to tight supply barely up at all from a year ago. At some point, there will be a choking point with prices rising and we are facing a rising interest rate. That hurts availability. So we may see buyers being chopped off. Not because of the lack of desire to buy a home but the price increase is preventi