March 21, 2008

  • CHN: Mortgage Crisis from the Perspective of Homeowners

    Fearing widespread collapse of global financial markets the Federal Reserve moved quickly to avert disaster by facilitating the purchase of a leading global investment bank, Bear Stearns, by J.P. Morgan Chase.  The Fed bailout of Bear Stearns, in essence, consists of $30 billion in taxpayer-backed guarantees for the firm’s assets.  At the core of the Read More »

    Posted in Housing and Homelessness | Comments Off on CHN: Mortgage Crisis from the Perspective of Homeowners
  • CHN: Last Chance for Farm Bill

    When Congress returns on March 31 it will have two weeks to work out the details of the Farm Bill or likely have to put off passing a new bill until next year.  Negotiations have come to a grinding halt over jurisdictional issues and how to pay for $10 billion in new funding in the Read More »

    Posted in Food and Nutrition, SNAP | Comments Off on CHN: Last Chance for Farm Bill
  • CHN: Second Chance Act

    Reentry Bill Awaits President’s Signature On March 11, after months of delay, the Senate passed the Second Chance Act of 2007, S. 1060, by unanimous consent. The Second Chance Act is designed to help ex-offenders reenter their communities successfully. The House passed its bill, H.R. 1593, which is identical to the Senate bill, last November Read More »

    Posted in Education and Youth Policy | Comments Off on CHN: Second Chance Act
  • CHN: Final Agreement on the Budget Awaits Congress’ Return

    The House and Senate approved their own versions of the FY 2009 Budget Resolution on March 13 and 14, and then left Washington for a two-week recess.  On their return, the two bodies must work out their differences and enact a final Resolution.  They must settle on a total for next year’s appropriations in the Read More »

    Posted in Budget and Appropriations | Comments Off on CHN: Final Agreement on the Budget Awaits Congress’ Return
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