Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
House Senate financial hearings postponed
WASHINGTON (8/3/11)--With debt ceiling lift legislation gaining final approval from President Barack Obama on Tuesday, Congress is set to leave for August recess once its work is complete this week. Senate Banking Committee and House Financial Services Committee hearings that were scheduled for this week are among those that have been postponed ahead of the August recess. The recess is scheduled to last until Sept. 6. Most notably, the Senate committee’s confirmation hearing for potential Consumer Financial Protection Bureau (CFPB) director Richard Cordray has been pushed back to September. A House Financial Services subcommittee on insurance, housing and community opportunity hearing on the future roles of the Federal Housing Administration, the Rural Housing Service and the Government National Mortgage Association in single- and multi-family mortgage markets is also among the hearings that have been postponed. The deficit reduction and debt ceiling lift package, which will lift the debt ceiling by $2.4 trillion and cut an estimated $2.1 trillion in government spending between 2012 and 2021, was approved by the Senate by a 74 to 26 vote count on Tuesday.


RSS print
News Now LiveWire
September is National Preparedness Month. Read how your CU can get ready in #NewsNow #NPM @AgilityRecovery @Readygov
14 hours ago
Bay Area #creditunions featured in @SFBusinessTimes article http://t.co/SE7W81Ulia
16 hours ago
#NewsNow: 8 CU advisory board, new senior leaders named at @CFPB. http://t.co/EPKgHEDRRN
18 hours ago
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
18 hours ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
19 hours ago