3/3/2010 WSJ: Time for a Spending Cap With Teeth
Fiscal storm clouds are upon us. In five years, federal spending has skyrocketed to 24.7% from 19.9% of our economy. That's the highest level since World War II. Borrowing has ballooned the national debt to $11.9 trillion from $7.3 trillion, a five-year increase equal to the accumulation of debt between President George Washington and President Bill Clinton.
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2/6/2010 Obama Pushes Small Business Plans
U.S. President Barack Obama used his weekly address as a launching pad to garner more support for his small business initiatives and urged lawmakers to pass legislation without delay.
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1/14/2010 Republicans hit Geithner over Fannie Mae, Freddie Mac
Republican lawmakers slammed Treasury Secretary Timothy Geithner on Wednesday over multi-million dollar pay packages for executives at mortgage-finance firms Fannie Mae (FNM.N) and Freddie Mac (FRE.N), which the government took over during the financial crisis.
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1/6/2010 Hensarling: Cherokee County Residents Eligible for Disaster Relief
This SBA assistance is available as a result of a disaster declaration request submitted by the State of Texas on December 29, 2009. An SBA disaster outreach office has been established in Lufkin and will be open from January 5, 2010 through January 21, 2010. ...More
12/17/2009 Jeb Hensarling: Credit bill would enshrine us bailout nation
A cornfield in Field of Dreams whispered, “If you build it, he will come.” These are prophetic words for bailout-weary taxpayers now that HR 4173, the Obama administration’s sweeping credit regulation bill, has passed the House. It enshrines us as a bailout nation because if you build a bailout fund, as the bill does, people will come. ...More
12/15/2009 U.S. lawmakers push covered bonds in housing debate
Lawmakers aiming to speed development of U.S. covered bonds on Tuesday positioned the securities as an alternative or supplement to mortgage funding programs of U.S. housing finance giants Fannie Mae and Freddie Mac.
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12/11/2009 Hensarling staff to visit Palestine Monday
Congressional staff from U.S. Congressman Jeb Hensarling’s office will be in Palestine on Monday to meet with constituents needing assistance with federal government agencies.
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12/9/2009 U.S. program to avert foreclosures called a failure
A U.S. Treasury-led effort to slow the rate at which distressed mortgage-holders are being thrown out of their homes was branded "an abject failure" on Tuesday by lawmakers.
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12/9/2009 House Delays Action on Financial Rules Amid Consumer Dispute
The U.S. House of Representatives delayed debate on legislation giving regulators power to shrink risky Wall Street firms as leaders debated whether to consider revisions sought by the financial-services industry.
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12/8/2009 GOP Sharpens Attacks on Democrats’ Plans for TARP Funds
House and Senate Republican leaders ramped up their attacks Tuesday on a proposal to use unspent money from the Troubled Asset Relief Program on a jobs bill, criticizing what they said will become a “slush fund” for pet Democratic projects. ...More