CONGRESS

U.S. Congress Raises FHA Mortgage Limits

The U.S. Capitol dome and U.S. Senate in Washington
The U.S. House and Senate voted to increase the threshold of mortgages backed by the Federal Housing Adminstration (FHA) to $729,750, a move that would give more homeowners access to lower interest rates.

Congress Protects Pizza as a Vegetable

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The House of Representatives dealt a blow to childhood obesity warriors on Thursday by passing a bill that abandons proposals that threatened to end the reign of pizza and French fries on federally funded school lunch menus.
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Congress Passes Spending Bill Without Drama

Congress on Thursday found a rare moment of accord in the budget fights that have paralyzed Washington this year as lawmakers voted to extend government funding through December.
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Canadian pop singer Justin Bieber performs during his ''My World Tour'' concert in Caracas

Would Justin Bieber Have Gone to Jail Under Anti-Piracy Bill S 978?

A proposed federal law has sparked fears that people like Justin Bieber, who got his start performing cover songs on YouTube could end up in jail. The Commercial Felony Streaming Act would make unauthorized Web streaming of copyrighted content a felony punishable by up to five years.
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New housing plan expected soon: Congress aide

The Obama administration and the regulator for Fannie Mae and Freddie Mac are expected to unveil new steps to help distressed homeowners in the next week or two, a senior congressional aide said on Thursday.
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Fed to offer plans on housing to Congress: senator

The Federal Reserve plans on sending Congress legislative recommendations on how to help the housing market recover, Senator Dianne Feinstein said on Thursday after a meeting with Fed Chairman Ben Bernanke.
U.S. Republican presidential nominee Senator John McCain is joined by "Joe the Plumber" at a campaign stop in Mentor

'Joe the Plumber' to Run for Congress

Joe the Plumber, who gained a bit of notoriety during the 2008 presidential campaign, has filed papers to run for Congress in Ohio, Politico reported.
U.S. Economy

U.S. Unemployment - 5 Programs to Increase U.S. GDP and Create Jobs

In the first half of 2011, the United States registered two straight quarters of sub-par GDP growth, and the risk of a double-dip recession has increased. With consumer spending and business investment lagging, that leaves it up to the public sector to fill the gap. Accordingly, here are five programs to increase U.S. GDP growth.
U.S. Economy

Jobs Bill: 5 Reasons Why the U.S. Economy Needs More Fiscal Stimulus

Due to the lingering government debt crisis in Europe and a 9.1 percent U.S. unemployment rate, key economic statistics are pointing to slow-growth conditions in the U.S. for the next two quarters, and a double-dip recession is possible. Is there anything Congress can do to create jobs and get the U.S. economy moving again?

Republicans Debating Ceiling on U.S. Defense Cuts

The idea is out there: Republicans on Capitol Hill considering a ceiling for defense cuts mandated by the deficit-reduction super committee. If it becomes a reality, however, it would not exceed $150 billion over 10 years.
US Post Office In Blacksburg, Virginia

U.S. Postal Service Considers Closing Facilities, Slowing First Class Mail

The U.S. Postal Service may never be the same, with First Class delivery service expected to slow down amid proposed cuts. Saturday delivery could end.. The latest plan from the post office, gripped with slowing business and costs and nearing default, would likely alter the delivery time of First Class mail. By closing more than half of the agency's 487 mail-processing facilities in a plan announced Thursday.

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