Scott Garrett News Archives

Treasury Secretary Timothy Geithner testified in the House today on his plan for addressing too-big-to-fail financial institutions.

Lawmakers from both parties are attacking a White House proposal that would grant the federal government sweeping powers to wind down financial firms an authority one Democrat derided as "TARP on steroids." With Treasury Secretary Timothy Geithner listening in a House hearing room, bailout-weary lawmakers are spending Thursday morning picking apart ...

A leading House Democrat backed away Wednesday from a sweeping proposal that would have watered down a post-Enron reform, permanently exempting small publicly-traded companies from a requirement that they obtain outside audits of their internal controls.

The agency that failed to catch Bernard Madoff's $65-billion ponzi scheme would have its funding doubled under legislation being considered by a key congressional committee on Wednesday.

From : Elizabeth Chouldjian Date : Tue, 27 Oct 2009 17:38:53 PDT Armenian National Committee of America 1711 N Street, NW Washington, DC 20036 Tel.

As late as spring, many Democrats felt good about peeling away even more Republican seats in the Virginia House of Delegates and dared speak of recapturing a clear majority for the first time in a dozen years.

With just a little over a week ago until the Governor's race Creigh Deeds is working round the clock to beat Republican challenger, Bob McDonnell.

Some Lynchburg City Council members are speaking out against one of their own in a fight for statewide office.

The U.S. House Financial Services Committee passed a revised bill today that would mandate both clearing for a significant chunk of over-the-counter derivatives and trading on exchange or electronic platforms-an about-face from the previous discussion draft.

A 91.5-acre forested property known as the DelGrosso Tract has been transferred from the Nature Conservancy to the National Park Service, expanding the Delaware Water Gap National Recreation Area.

It was a promising start, but the money ran out. A victim of anti-earmark sentiment in Washington, felt all the way back in places like Elizabeth and Union.

A bill introduced in congress last week would require homebuyers to put down a larger down payment on loans backed by the Federal Housing Administration.

Freddie Mac is taking the Home Affordable Modification Program to the front door of borrowers who are even a little behind on their mortgage payments.

The head of the Federal Housing Administration warned that raising down payment requirements or taking similar steps to limit the pool of eligible buyers for FHA-backed loans would hamstring a fragile housing recovery.

This guest post was contributed by Lawrence B. Glickman, who teaches history at the University of South Carolina.

I enjoyed Douglas Brodea TMs "A half-century of a The Twilight Zonea TM " on the 50th anniversary of the classic Rod Serling television series, "The Twilight Zone." It does call for some historical clarification, however.

Leave it to congress to try to get in the way of the current housing recovery. Even though the Federal Housing Authority is the only lending agency that those who aspire to purchase homes can currently turn to, a House subcommittee has decided that the FHAa TMs assets suddenly require scrutiny.

The Federal Housing Administration , which insures mortgages with low down payments, may require a U.S. bailout because of $54 billion more in losses than it can withstand, a former Fannie Mae executive said.

Reporting from Washington - In the wake of the mortgage meltdown, the Federal Housing Administration has emerged as a pillar of the still wobbly housing market -- providing vital insurance that enables borrowers to qualify for loans with as little as 3.5% down.

As new housing finance regulations take effect and even more are set for the beginning of 2010, a number of questions have arisen on the impact to Federal Housing Administration -insured loans.

With FHA mortgage delinquencies rising, Congress is weighing a proposal that would raise the minimum downpayment required for FHA mortgages from 3.5% to 5%, and disallow financing of any costs associated with closing FHA loans.

The Council for Citizens Against Government Waste today honored Rep. Scott Garrett as a Taxpayer Hero for scoring 92 percent on its 2008 Congressional Ratings .

Republican lawmakers Thursday criticized a government plan to make banks prepay fees to replenish the insurance fund that safeguards bank deposits, while the Federal Reserve chairman defended the move.

DEMOCRATS may be taking a beating on cable news and even Jon Stewart's Daily Show, but Sen.