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Congresswoman Maxine Waters (D-Calif.) participated in a press conference today with her Congressional Black Caucus colleagues to follow up on the Jan. 28th CBC Debt Commission by rolling out a white paper on the panel's findings, and to discuss the Republicans' extreme budget plans. The following remarks were prepared for delivery:
by Shahien Nasiripour
The Obama administration outlined three options Friday to change the way home loans are financed, calling for the slow death of mortgage giants Fannie Mae and Freddie Mac and jumpstarting the debate over the future role of government in helping borrowers secure mortgages.
by Phil Mattingly
Congressional Republicans criticized what they termed a lack of detail in the Treasury Department's plan to overhaul mortgage finance while saying they would use the report as a starting point for debate over legislation.
by Zachary A. Goldfarb & Brady Dennis
The Obama administration's plan to overhaul the U.S. housing market drew fire Friday from some of the president's traditional allies, who argued that proposals in the newly released report could make it too costly for many Americans to buy a home.
Congresswoman Maxine Waters (D-Calif.), the Ranking Member on the Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises, released the following statement today after the Obama Administration unveiled its plan, "Reforming America's Housing Finance Market":
Congresswoman Maxine Waters (D-Calif.), Ranking Member of the Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises, led her Democratic colleagues on the full Committee in defense of funding for the Securities and Exchange Commission. She delivered the following remarks:
"Thank you, Mr. Speaker. I yield myself such time as I may consume.
Congresswoman Maxine Waters (D-Calif.) issued the following statement today, commemorating the 21st anniversary of Nelson Mandela's release from Victor Verster Prison in South Africa:
The House Financial Services Committee adopted an amendment by Congresswoman Maxine Waters (D-CA) to conduct oversight over the situation in Haiti one year after a devastating earthquake and relief and reconstruction efforts in the country. She offered the amendment jointly with Congresswoman Carolyn McCarthy (D-NY) during a markup of the Committee's oversight plan for the 112th Congress.
by Ron Orol
The White House may move ahead without congressional approval on proposals to reform the government-controlled housing giants Fannie Mae and Freddie Mac, including raising the fees charged for guaranteeing credit risk.