February 22, 2010

This Week in Congress - February 22, 2010

This Week in Congress - February 22, 2010

Date	Body	Committee Location	Topic Title

2/23/2010	HOUSE	Financial Services 2128 Rayburn 2:30 p.m.	Employment Growth Stimulus Hearing on "Prospects for Employment Growth: Is Additional Stimulus Needed?" House Financial Services Committee Web Site
2/24/2010	HOUSE	Financial Services 2128 Rayburn 10:00 a.m.	Monetary Policy Report Hearing on the Federal Reserve's semiannual report on monetary policy and the state of the economy. House Financial Services Committee Web Site
2/25/2010	HOUSE	Financial Services 2128 Rayburn 2:00 p.m.	Financial Industry Compensation Hearing on "Compensation in the Financial Industry - Government Perspectives," focusing on the pay practices of both private and public financial entities including AIG, Fannie Mae and Freddie Mac where the federal government plays a role in reviewing and/or approving compensation. House Financial Services Committee Web Site
2/23/2010	SENATE	Finance 215 Dirksen 10:00 a.m.	Small Business Job Creation Hearing on "Trade and Tax Issues Relating to Small Business Job Creation." Senate Finance Committee Web Site
2/25/2010	SENATE	Banking, Housing & Urban Affairs 538 Dirksen 9:00 a.m.	Monetary Policy Report Hearing on "The Semiannual Monetary Policy Report to the Congress." Senate Committee on Banking, Housing, & Urban Affairs Web Site

Headlines

Fewer People Late Paying Mortgage
The New York Times | February 22, 2010
Even as the Obama administration stepped up efforts to aid homeowners facing foreclosure, data released Friday indicated that the housing crisis might finally have stopped getting worse.

More Generations Living Under Same Roof
Reuters | February 22, 2010
Demand is escalating for multi-generational housing as buyers scale down during the deepest housing crisis since the Great Depression, according to a survey by Coldwell Banker Real Estate in Parsippany, New Jersey.

Federal Regulators Close Four More Banks
The New York Times | February 22, 2010
Federal regulators seized four more banks Friday, bringing the total for the year to 20.

Bernanke, Retailers Hold Key for Stocks
Reuters | February 22, 2010
Wall Street could keep rallying after notching its best week this year if Federal Reserve Chairman Ben Bernanke gives a reassuring assessment of the recovery and retail earnings show improvement.

Emerging-Market Stocks, Won Rally on U.S. Interest-Rate Outlook
Bloomberg | February 22, 2010
High-yielding currencies rose, led by the South Korean won, and emerging-market stocks rallied on speculation Federal Reserve Chairman Ben S. Bernanke may signal that U.S. interest rates will stay near record lows.

Bailout Anger Undermines Geithner
The Wall Street Journal | February 22, 2010
Timothy Geithner's role in calming the financial crisis landed him the coveted job of Treasury secretary last year. That same resume is now dogging him.

Take Three: Will Congress Extend the Home Buyer Tax Credit?
The Wall Street Journal | February 22, 2010
It's that time of year again: time for lobbyists to convince Congress to extend the home buyer tax credit.

Delinquencies, New Foreclosures Fall: Is this the Beginning of the End?
DS News | February 19, 2010
Both the national residential delinquency rate and new foreclosures initiated dropped in the fourth quarter of 2009. Is it a sign that the industry may have finally turned the corner on the housing crisis? The Mortgage Bankers Association (MBA) says yes.

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