Is a good thing, not a bad thing. For the stupid people who say, thats a bad thing, its good to get along. Stormzy makes history by becoming the first black british solo artist to headline glastonbury. England will face the United States in the semifinals of the world cup. Thats after the us knocked out the hosts france in paris last night. Good morning. We are likely to see the hottest day of the year so far with temperature s across the south and east up to sa degrees. It will be cooler in the west with a few showers. The full forecast shortly. Its saturday the 29th ofjune. Our top story the heatwave continues. Today parts of the uk could experience the hottestjune weather in more than 60 years. Temperatures could reach 3a celsius, edging close to the hottest ever june day, recorded in 1957. It follows extreme heat across europe, with Health Warnings still in place in france after record breaking temperatures yesterday. Our reporter leigh milner is in camden park for us this morning.
Discusses the spending proposal at a hearing in the Senate Budget committee. This hearing begins with Committee Chair mike enzi and Ranking Member bernie sanders. Good morning. I will call to order the Budget Committee hearing. Good morning and welcome to the hearing on the president s Budget Proposal for fiscal year 2019. The budget submission comes to us on the heels of a very busy first year for President Trump. Im proud of all of the hard work and leadership that went into passing the tax cuts jobs act and progrowth tax bringing investments back to america and boosting takehome pay for workers. In the new submission i mentioned in the Administration Proposal to build on this momentum into further strengthen the economy. One of my greatest concerns as the United States senators on the countrys National Debt that is now eclipsed 20 trillion. To secure the economy long term for future generations, we must tackle this problem while lowering taxes is proving to bolster the economy that
The Mortgage Market issues where you wall discuss time to time whether allies have gone too far, whether theyve gone far enough. How can we answer questions at that data on the marketplace. That is different from a wind data on what senator vitter does. Personally identifiable data. We have personally identifiable data and consumer response where consumers can this data so we can work on their complaint and family constituents to your office collect personal viable data appeared to we. You dont collect any of that . For example we do not have address, Social Security number, account number. We are interested in the pattern of what goes on in the market. Too collected before you scrub it . We ask the data to be scarred for comes to us. Depends on which data. We will have a full briefing on this. Somebody involved in the process . Typically described before it gets to the agency. Private companies have all the data. They care very much like you and i do and theyre always marketing on tha
Question, is it a problem . Is it not really a problem . What we do see is that every month of last year, from the Census Bureau ser survey data, manufactured housing lending was up from the month before. And the leading manufactured housing manufacturers are quite profitable. So i dont know what to make of some of the concerns people are raising to me. But i will say that this issue of costs on a smaller loan, i think, is a universal issue and problem and one that maybe we should be thinking about whether the thresholds are exactly right. Thank you for the time and i would close by saying i pleesht you looking fa data, and i understand that in a growing economy, youre likely to see more people doing these types of things. Weve seen some data that shows that numbers of these people are unable to be served and theyre ending up paying more for rental housing than they could be paying for actually purchasing, again, a lowercost home of either type, whether its conventional areor manufactu
Otherwise would be required to pay and might be subject to further costs and Court Proceedings that is forgiven and wiped from the books. But yes, its meaningful relief for american consumers. And the other point that senator warren has made to me thats wrort making is every time we then correct practices, the same things dont happen going forward, and you can expect the same money being saved each year in the future but its hard to quantify that. It is hard to quantify, but every time a consumer gets a fair Mortgage Loan rather than a predatory one a great deal of help has been created in terms of a wealthbuilding enterprise versus a wealthsfriping one. I want to turn to the subject of payday loans, and youre engaged in laying out a policy framework not yet a draft regulation and taking feedback on it. In oregon we proceeded to establish a pretty rigorous framework, reestablishing a user cap on the full range of loans consumer loans, payday loans, because wed seen the migration of one