Obama cancels Putin summit amid tensions
The White House abruptly cancels President Obama’s planned September meeting with Vladimir Putin in Moscow amid deep U S Russian tensions over Syria civil rights and Snowden asylum. The move follows a year of disputes on missile defense arms control trade global security and human rights with Moscow blaming Washington for the breakdown.
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Barack Obama
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White House
Russia
Vladimir Putin
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Edward Snowden
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UN Security Council
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Libya
Bashar Assad
Syria
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United States
Hillary Rodham Clinton
Sergey Lavrov
Geneva
U.S. Agency For International Development
Politicians Target Fannie Freddie and Mortgage Costs Rise
Congress weighs phasing out Fannie Mae and Freddie Mac over five years shifting risk from taxpayers to private investors. House and Senate plans differ on government backing, with higher mortgage rates likely for borrowers. Moody’s Zandi estimates about 0.5 percentage point more on conforming loans, roughly $75 to $135 extra monthly on a $200,000 loan with 20 percent down.
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Fannie Mae
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Mark Zandi
Moody’s Analytics
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David Stevens
The
Mortgage Bankers Association
Rising tax revenue eases pressure for budget cuts
Washington lawmakers return to a budget debate as rising tax receipts shrink the deficit. With July and August figures due, Republicans resist new tax increases while Democrats push to preserve or expand revenue and modify sequestration cuts, amid threats of a government shutdown or debt default.
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Congress
Barack Obama
House
John Boehner
Ohio
Obama
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