Congressional leaders reach a debt deal to avoid painful sequestration cuts

Bipartisan Letter from Colorado Lawmakers Implores. – Members of both parties intentionally designed the sequestration to be a painful last resort in order to spur a bipartisan congressional agreement on a balanced deficit-reduction plan. Congress should act expeditiously to institute a comprehensive deficit-reduction plan that cuts spending, responsibly reforms and strengthens entitlement programs and overhauls the tax code.

Eminent domain remains minor headwind as housing recovers What Is Eminent Domain And What Am I Entitled To If The Government Seeks To Condemn My Property. Eminent domain is the power of the government to take or "condemn" property for "public. be entitled to recover damages if your property decreases in value during the excessive delay.

Why the Debt Crisis Is Even Worse Than You Think – A June analysis by the Congressional Budget Office concluded that keeping the U.S.’s ratio of debt to gross domestic product at current levels until the year 2085 (to avoid scaring off investors).

Obama administration expects new push for REO rentals Bills.com will update this page if Congress or Obama act on the REO to rental idea. of REO properties on the market. The Fed expects a 1 million new REOs in both 2012 and 2013, which will continue.

Senate in last-minute scrum for deal – WASHINGTON – Senate leaders and their aides sought a formula Saturday to extend tax cuts for most Americans that could. Immediately – regardless of whether Congress and Obama reach a deal – every.

Donovan: Sequestration could devastate Fed housing programs In late November, though, HUD said the budget for its existing homelessness-assistance programs would be cut by 5 percent, partly because of flat funding from Congress and the impact of sequestration,

United States budget sequestration in 2013 – Wikipedia – The budget sequestration in 2013 refers to the automatic spending cuts to United States federal government spending in particular categories of outlays that were initially set to begin on January 1, 2013, as an austerity fiscal policy as a result of Budget Control Act of 2011 (BCA), and were postponed by two months by the American Taxpayer Relief Act of 2012 until March 1 when this law went.

Obama Helping GOP Cut Social Security Congressional leaders make progress on debt, spending talks. – WASHINGTON (AP) " Top leaders of both parties in Congress made better-than-expected progress Tuesday on two must-do items on the legislative agenda: averting automatic budget cuts and meeting a.

Talks to Avoid Automatic Cuts Begin as Budget Work Continues. – According to reports, President Donald Trump is receptive to a bipartisan deal to avoid the automatic spending cuts, known as sequestration, which would be triggered without a new fiscal deal. Politico reports that Democrats want to the link the budget cap negotiations with a debt ceiling increase, but Republicans do not want to handle the.

Valuing a new asset class JPMorgan’s Dimon threatens to quit FHA loans JP Morgan’s dimon: prime mortgages Look Terrible Check your bank’s health | KnoxViews – And JP Morgan says: "Prime looks terrible." In a surprisingly short conference call with analysts, Dimon suggested that losses in JP Morgan’s prime mortgage book could triple in the foreseeable future as the credit mess moves out of subprime and into Alt-A and jumbo loans. “prime looks terrible,” he told analysts on the call. · JPMorgan’s Dimon threatens to quit FHA loans. JPMorgan Chase’s (JPM) CEO says his bank is considering getting out of the FHA mortgage origination business altogether. Notably, with the second quarter’s 66% year-over-year plunge in originations reported last week, that process is inadvertently and unintentionally under way.

American cliffhanger – At the same time, government spending would plummet by $110 billion a year in indiscriminate cuts that Congress and Obama ordered up when they played debt-ceiling chicken. Remember, when Washington.

White House, congressional leaders reach debt deal – CNN.com – White House, congressional leaders reach debt deal. minutes before Obama spoke, Senate majority leader harry reid, D-Nevada, and Minority Leader Mitch McConnell, R-Kentucky, also announced the deal on the Senate floor and encouraged colleagues to support it. However, House Minority Leader Nancy Pelosi, D-California,

4 quick reactions to FHFA mortgage insurer liquidity plan Federal Mortgage Modification and Foreclosure Prevention efforts AnnA T. Pinedo And Amy moorhus BAumgArdner ABoUt tHe AUtHoRs Anna T. Pinedo is a partner and Amy Moorhus Baumgardner is of counsel at Morrison & Foerster LLP. Special thanks to Morrison & Foer-ster LLP associates Armin Gharagozlou, Arthur Man, and Qian (Lisa)

Is it too late to avert the sequester’s deep spending cuts? – Republican leaders in Congress predicted Wednesday that painful automatic spending cuts – the sequester. whether in a new deal or by allowing sequestration to hit. They must also resist those in.