Housing construction falls to year's low in June
U S housing data show builders started 1.80 million units at an annual pace in June, an 8.5 percent drop from May and the lowest since May 2003. May activity rose modestly, while analysts see the lull as temporary amid Fed rate actions and cooling mortgage rates.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Fed
David Seiders
The
National
Alan Greenspan
Capitol Hill
House blocks stock option expensing mandate after debate
The House voted 312 to 111 to override a Financial Accounting Standards Board proposal requiring expensing of stock options. The bill limits expensing to top five executives and allows delay for new public companies' first three years. Supporters warn it harms growth and innovation while Greenspan defends the board's work.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Banking Committee
Richard Shelby
R-Ala
Richard Baker
R-La
Anna Eshoo
D-Calif
Financial Accounting Standards Board
Federal Reserve
Alan Greenspan
FASB
Congress
Pete Sessions
Texas
Panel to decide on continuing DeLay case
The House ethics committee may decide soon whether to expand its probe into Majority Leader Tom DeLay for partisan activities. Chairman Joel Hefley indicated a course could be set before the weekend as Congress adjourns for Labor Day. Democratic lawmakers press for an investigation amid calls for outside counsel due to donations to DeLay’s fund-raising operations.
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Washington
House Ethics Committee
Tom DeLay
Joel Hefley
Congress
Committee On
House
Chris Bell
DeLay
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Harry
Martin
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