U.S. Government

  • 2015-03-06 11:22


    WASHINGTON (MNI) - The following is a statement from Jason Furman, chairman of the White House's Council of Economic Advisers, issued Friday following release of employment report for January:

    "With another strong employment report, we have now seen twelve straight months of private-sector job gains above 200,000 -- the first time that has happened since 1977. Moreover, 2014 was the best year for job growth since the late 1990s and 2015 has continued at this pace. But additional steps are needed to continue strengthening wages for the middle class.

  • 2015-03-06 10:52


    WASHINGTON (MNI) - The following is the letter Treasury Secretary Jack Lew sent to Congress Friday, formally announcing, as expected, the beginning of "extraordinary measures" necessary to stay below the statutory debt limit that expires a week from Sunday, the first of which is the suspension of the issuance of custom issued State and Local Government Series securities on March 13:

    March 6, 2015

    The Honorable John A. Boehner

    Speaker

    U.S.

  • 2015-03-06 02:34


    --Retransmitting Story Published 17:11 ET Thursday

    WASHINGTON (MNI) - In its steadily evolving plan to teach the country's biggest banks how to stay out of trouble, the Federal Reserve late Thursday published the preliminary results of the latest stress tests, seeing no big warning signs, but what banks and shareholders might concede is the scary part is still a week away.

    The results of what are known as the Dodd-Frank Stress Tests have no "pass" or "fail," Fed officials emphasized.

  • 2015-03-05 18:11


    --Retransmitting 16:55 ET Story, Correcting 'Over' to 'Under' in 3rd Paragraph

    WASHINGTON (MNI) - In its steadily evolving plan to teach the country's biggest banks how to stay out of trouble, the Federal Reserve late Thursday published the preliminary results of the latest stress tests, seeing no big warning signs, but what banks and shareholders might concede is the scary part is still a week away.

    The results of what are known as the Dodd-Frank Stress Tests have no "pass" or "fail," Fed officials emphasized.

  • 2015-03-05 17:55


    By Denny Gulino

    WASHINGTON (MNI) - In its steadily evolving plan to teach the country's biggest banks how to stay out of trouble, the Federal Reserve late Thursday published the preliminary results of the latest stress tests, seeing no big warning signs, but what banks and shareholders might concede is the scary part is still a week away.

    The results of what are known as the Dodd-Frank Stress Tests have no "pass" or "fail," Fed officials emphasized.

  • 2015-03-05 15:28


    --GOP Dispirited By Divisions, Diversions, Distractions
    --Republicans Must Decide How To Use Hill Majorities

    WASHINGTON (MNI) - The threat of an impending snowstorm prompted Congress to finish its legislative work on Wednesday and shut down most of its operations.

    Whether lawmakers are now back in their districts or states, or are marooned at airports, or are hunkered down in their Capitol Hill offices, there is much to think about on this Washington snow day.

    This is especially true for the Republican majority in both the House and Senate.

  • 2015-03-05 14:00


    By Brai Odion-Esene

    WASHINGTON (MNI) - Federal Housing Finance Agency Director Mel Watt Thursday announced a second quarter release of additional information craved by private investors that will provide more detail regarding Single Security being developed for issuance by Fannie Mae and Freddie Mac.

    In remarks prepared for a housing finance conference hosted by Goldman Sachs in New York, Watt also said his agency continues to push the mortgage giants to refine and enhance their methods of credit risk transfers to include a variety of market participants.

  • 2015-03-05 13:06


    --Updating 8:15 ET Story, Fed to Release Money Supply, Weather Details
    --New York's LaGuardia Airport Closed Until 7 p.m. ET

    WASHINGTON (MNI) - Anticipating ice and snow, the federal government shut its Washington area offices Thursday and for the second month in a row, the crew at the Bureau of Labor Statistics continued to make special arrangements to ensure Friday's jobs report comes out on time.

    The closure again cancelled the routine data "lockup" session at the Labor Department Thursday, disrupting the well-oiled release procedures for the latest initial claims and fourth quarter productivity reports and for factory orders in mid morning.

  • 2015-03-05 11:15


    By Denny Gulino

    WASHINGTON (MNI) - The next big thing in U.S. housing finance, the joint securitization platform that will be a single issuer combining a variety of Fannie Mae and Freddie Mac functions, still falls far short of the fundamental restructuring that has to begin with the GSEs' government charters, a Treasury Department housing official said Thursday.

    Counselor to the Treasury secretary for housing finance policy Michael Stegman updated the department's vision of the future for Fannie and Freddie at the Goldman Sachs housing finance conference.

  • 2015-03-05 09:15


    --Fed to Still Release Bank Stress Tests in Afternoon

    WASHINGTON (MNI) - Anticipating ice and snow, the federal government shut its Washington area offices Thursday and for the second month in a row, the crew at the Bureau of Labor Statistics continued to make special arrangements to ensure Friday's jobs report comes out on time.

    The closure again cancelled the routine data "lockup" session at the Labor Department Thursday, disrupting the well-oiled release procedures for the latest initial claims and fourth quarter productivity reports.