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Odessa American in Odessa, Texas

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Aug 08, 2013

Page

3

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.

Washington Barack Obama U.S White House Russia Vladimir Putin NSA Edward Snowden Obama Moscow Putin Kremlin Yuri Ushakov Snowden Medvedev UN Security Council NATO Libya Bashar Assad Syria Assad 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.

Washington Congress Fannie Mae Freddie Mac House Senate Fannie and Freddie Fannie Barack Obama Obama Mark Zandi Moody’s Analytics Zandi 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.

Washington Congress Barack Obama House John Boehner Ohio Obama

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