Clarksville Weekly Market Snapshot from Frazier Allen for the week of December 15th, 2013
December 15, 2013
Clarksville, TN – House and Senate leaders reached an agreement on a mini budget deal. This isn’t the “grand bargain” that lawmakers were tasked with, but it will prevent a government shutdown in January. That removes a major uncertainty for the markets, but also for Federal Reserve policymakers.
The deal reduces (but does not eliminate) the impact of the sequester cuts to spending that were slated for mid-January. The deal does not address the debt ceiling, which will go back into effect on February 7th, nor does it prevent over 1.2 million from losing extended unemployment benefits at the end of this month.
Frazier Allen
HUD secretary Donovan issues statement on HUD effort to transform rental assistance
May 27, 2010
Washington, DC – Today U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan testified before the U.S. House of Representatives Committee on Financial Services on The Preservation, Enhancement and Transformation of Rental Assistance Act (PETRA). The multi-year initiative proposed in President Obama’s FY2011 Budget seeks to preserve HUD-funded public and assisted housing, enhance housing choice for residents and streamline the department’s rental assistance programs. [Read more]
