EXCLUSIVE: Morris Schneider Wittstadt officially files for Chapter 11 bankruptcy

EXCLUSIVE: Morris Schneider Wittstadt officially files for Chapter 11 bankruptcy

Mark Wittstadt: Butler & Hosch sale, Dustin Johnson lawsuit severely impacted firm

What to expect when you’re expecting a CFPB administrative action

A deeper look at PHH ruling reveals how the bureau views enforcement

Monday Morning Cup of Coffee: Is housing strong enough to weather rate hikes?

Plus the mortgage bond outlook, the NYT joins the GSE investor struggle, and more
W S
The Ticker

Sequestration looks likely as Congress fails to agree

/ Print / Reprints /
| Share More
/ Text Size+

Senate Republicans and Democrats pushed party-backed plans Thursday to try and stop automatic spending cuts scheduled to kick in Friday at midnight.

Neither plan passed, leaving lawmakers and the president scrambling. Both of the failed plans were designed to replace the sequester cuts with suitable alternatives.

ABC News says leaders from both parties plan to meet with President Obama Friday to discuss the sequester cuts.

ABC reported the following on the likelihood of the two parties reaching a mutual resolution:

Leaders on both sides publicly conceded that the effort was largely for show, with little chance the opposing chamber would embrace the other's plan. They will discuss their differences with President Obama at the White House on Friday.

"It isn't a plan at all, it's a gimmick," Senate Minority Leader Mitch McConnell, R-Ky., said today of the Democrats' legislation.

Source: ABC News
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus