Items Tagged with 'Mitch McConnell'

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  • Waters and 61 legislators demand Congress keeps NFIP active

    Reps. Beto O’Rourke, Eleanor Norton and Gregory Meeks back Waters
    Ranking Member of the House Committee on Financial Services Maxine Waters, D-Calif., and 61 members of Congress are demanding a long-term reauthorization of the National Flood Insurance Program. Waters, a prominent critic of H.R. 2874, believes American families are not financially prepared for the growing threat of natural disasters.
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  • McConnell throws cold water on Republican Dodd-Frank repeal efforts

    Senate Majority Leader tells Bloomberg: "I'm not optimistic"
    The Financial CHOICE Act, the Republican-crafted replacement for the Dodd-Frank Wall Street Reform and Consumer Protection Act, may enjoy the support of the House Financial Services Committee, the Trump administration, and even President Donald Trump himself, but the Senate’s top Republican said this week that he believes that the bill may never make it to President Trump’s desk.
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  • Republicans Join Financial Crisis Commission

    Former California Rep. Bill Thomas and former Treasury Department counsel and counsel to President Ronald Reagan Peter Wallison will join the Financial Crisis Inquiry Commission to investigate the causes of the financial crisis and the collapse of major financial institutions on the heels of the housing bubble implosion. House Republican leader John Boehner of Ohio and Senate Republican leader Mitch McConnell of Kentucky announced the appointments Thursday.
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  • Revised Rescue Bill Faces Senate Vote Wednesday Night

    The “No” votes rose in a historic rejection of the bailout plan by members of the House of Representatives earlier this week. The Dow Jones industrial fell dramatically — and then rose again — in a historic investor panic over the very future of the U.S. economy. And meanwhile, presidential candidates and their running mates scrambled to secure votes and blame the other party for fomenting an economic crisis.
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  • Schwarzenegger: Calif. Needs 'Fair Access to Housing Capital'

    California Governor Arnold Schwarzenegger called on Congressional leaders Wednesday to raise the conforming loan limit in the state hardest hit by the nation's mortgage meltdown and housing crisis. In a letter sent to U.S. Senate majority leader Christopher J. Dodd, Senate minority leader Mitch McConnell, House of Representives speaker Nancy Pelosi and House minority leader John Boehner, the Calif. governor argued for "fair access to housing capital" and said the current GSE conforming loan limit is disproportionately affecting Californian homeowners.
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