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
Makes a surprise visit to baghdad, reviewing the progress against isil. The haunting message sandra bland left her friend. One year later will a nuclear deal with iran help bring Washington Post journalist home from an iranian prison. This is Aljazeera America live from new york city. Good morning im randall pinkston. Defense as he can ash carter landed in baghdad this morning on an unannounced stop. He arrived a few hours ago where he will meet with iraqi leaders and u. S. Commanders fighting isil. They are working to plan a ground assault to retake ramadi. The visit comes during a bloody week in baghdad with isil attacks claiming dozens of lives. Imran kahn is live in baghdad. This visit was not on the publicly announced agenda for secretary carter. How is iraqs leadership reacting to his arrival . Thats absolutely right. Although this visit was unannounced, it certainly was not unexpected. These things take a lot of organizing. It goes to show you how dangerous the security situatio
Lets give them a good round of applause. [applause] its a chock full day. Youll start hearing people give you insight to Social Security and a lot of it in depth of the actuarial perspective which are the lifeblood of the Social Security so youll be hearing but the key to this day, in my view and i hope to be here the whole day, is the last session real have a chance to put together a Social Security long term solvency program. Youll hear a lot of the options discussed and to do it yourself. This is an amazing city. I relocated here last july from new york, you might be surprised to think im from new york and what i love about the city is that everyone is connected. Im taking over this morning and my driver says where can i take you and my driver said i told him the barber center. Barbara jordan, theres a center named after Barbara Jordan and i said yes, did you know who she was. He said not only do i know she was but i had a radio show in washington, 50 years ago on the station it doe
With the backlog forhose of drawing applyingor benefits. The challenges faces, since i have been chairman we have held 18 hearings including today on the Disability Insurance program. On one topic or another. Now thats a lot of hearings. But the Disability Insurance program is too important for Social Security not to get it right. Americans pay taxes on their hard earned wages for the promise of future social secuty benefits. When the worker retires, and is unable to work unable to disability or dies. These benefits are animportant part of a familys financial security. And americans rightfully expect that when they apply for benefits, if they areeligible, that they will receive them ickly. But for those applying for disability benefits, that isnt the case. Today over 1Million People are waiting for a heing with Social Security admistrative law judges and on the average these folks will wt around 600 days to get that hearing. Thats nearly two years. And thats after waiting almost four m
Thank you for joining us. Viewers what the Heritage Foundation and the center for American Progress are. Guest the Heritage Foundation is a conservative think tank in washington, d. C. Of policyffect issues, my expertise is federal government matters. A progressive think tank covering a wide variety of issues. I cover budget policy. Romina. Will start with has been in control by the republicans for quite some time. The difference is the white house is also under control of the same party. Is this budget a continuation of the budget that has come out of the house, or are there notable differences . Guest notable differences is a reconciliation package, proposing to cut 200 billion in what are called autopilot or entitlement spending programs. That is the biggest proposal cut to these programs yet. The reconciliation the occult also includes instructions for tax reform. See the house gop setting up for a tax reform package with the president. Trying to do so while cutting spending at the