Moving UP:
Yesterday (Monday), Congressman Mel Watt (D-NC) became the chief of overseeing the Federal Housing Fiance Agency. Why is this is important? Because this Finance Agency maintains the balance of the housing fiance system. Not to mention the loans given by our good ole friends..BFF's Fannie Mae and Freddie Mac!! (lol) Furthermore, Rep.Watt was a member of the House Financial Service Committee, since 1992. Rep.Watt played a vital role in passing the Dodd-Frank Act, which allowed consumer protections to be increased, making room for legislation to end bad lending practices in the real estate market.
My guess is that this move shows good things to come. One can only hope that such an influential person will be able to make amazing strides.
Get Yo Money Right:
In case you've been living under a rock, the U.S. has been having some budget issues lately. As a result of different views for solving these issues, we have experienced the Fiscal Cliff, Sequestration, and more recently the stupid Government Shutdown. -_____-
So, to avoid monstrous acts like those mentioned above from happening again, our congressional members have agreed to work on a "balanced approach" of getting the U.S. books together...aka..getting our money right! However, lawmakers have to stay in the spending limits within the budget agreement, HR Res.59 AND get it all done by next Wednesday, Jan. 15.2014.
...fingers crossed?
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