WASHINGTON, Jan. 17 (TNSrep) -- The Congressional Research Service issued the following In Focus white paper (No. IF12741) on Jan. 13, 2025, by financial economics specialist Darryl E. Getter: * * * Introduction to Financial Services: The Housing Finance System Background Prior to the Great Depression, U.S. residential mortgage markets operated at local levels and were highly sensitive to local conditions. Lenders funded mortgages by relying on local deposits, which were concentrated in hea  more

WASHINGTON, Jan. 16 -- Sen. Kirsten Gillibrand, D-New York, issued the following news release: * * * Gillibrand Holds First Aging Committee Hearing As Ranking Member, Focuses On Improving Wellness Among Seniors And Setting A Standard For The American Dream Yesterday, U.S. Senate Special Committee on Aging Ranking Member Kirsten Gillibrand and Chairman Rick Scott held a hearing entitled " Improving Wellness Among Seniors: Setting a Standard for the American Dream. " During the hearing, the sen  more

WASHINGTON, Jan. 17 -- Sen. Kirsten Gillibrand, D-New York, issued the following news release: * * * Gillibrand Statement On President Biden Declaring The ERA As The Law Of The Land Today, U.S. Senator Kirsten Gillibrand issued the following statement regarding President Biden declaring that the Equal Rights Amendment has been ratified and is the law of the land: "I want to praise President Biden for declaring that the Equal Rights Amendment is now a valid part of the Constitution. I am in   more

WASHINGTON, Jan. 16 -- Sen. Kirsten Gillibrand, D-New York, issued the following news release: * * * In Light Of California Wildfires And Widespread Climate Disasters, Gillibrand Calling For Robust State-Federal Cooperation To Ensure New York's Resilience Against Climate Threats In light of California's devastating wildfires and the increasing frequency and severity of climate disasters across the country, U.S. Senator Kirsten Gillibrand held a virtual press conference to call for robust stat  more

WASHINGTON, Jan. 18 -- Rep. Betty McCollum, D-Minnesota, posted the following statement in the Congressional Record on Jan. 16, 2025: * * * Mr. Speaker, I rise to pay tribute to the life of an extraordinary man, Peter Yarrow, of the legendary folk trio, Peter, Paul and Mary. Peter passed away at home in New York City on January 7, 2025, at the age of 86. He is survived by his spouse, Mary Beth McCarthy Yarrow, children Christopher Yarrow and Bethany Yarrow and his beloved granddaughter, Valent  more

WASHINGTON, Jan. 17 (Sen.) -- Senate Majority Leader Charles E. Schumer, D-New York, issued the following news release: * * * SCHUMER SECURES ADDITIONAL $75 MILLION FOR GLOBALFOUNDRIES FROM HIS CHIPS LAW TO CREATE FIRST-OF-ITS-KIND CHIPS PACKAGING & PHOTONICS CENTER IN CAPITAL REGION, ADDING UP TO 100 NEW GOOD-PAYING JOBS Schumer Lands Another Fed Investment For GlobalFoundries To Expand With Massive New $575M State-Of-The-Art Packaging & Photonics Center In Saratoga County New Fed $$ Is On  more

WASHINGTON, Jan. 17 -- Sen. Ron Wyden, D-Oregon, issued the following news release on Jan. 16, 2025: * * * Settlement Follows Wyden Investigation Revealing Automakers Sold Data for Pennies a Driver to Insurers, for Years, Without Their Consent * * * U.S. Senator Ron Wyden, D-Ore., applauded the FTC's action today to stop General Motors from sharing detailed location data about drivers without customer consent. The settlement follows reporting by the New York Times and an investigation by W  more