Third District Candidates Debate in Louisville

Third District congressional candidates John Yarmuth and Anne Northup met for their first debate of the campaign today at the Louisville Forum. The primary topic on voters’ minds was the economy. Northup, the Republican nominee, almost immediately brought up the incumbent Yarmuth’s vote in favor of the final financial rescue package approved by Congress. She… Continue reading Third District Candidates Debate in Louisville

Lawmakers Balance Politics With Public Opinion

Lawmakers on Capital Hill are juggling the needs of the country with public outcry this week. Legislators have been arguing over the 700-billion dollars in taxpayer money to buy troubled assets that are weakening the country’s financial markets. It is widely unsupported by the general public, but the Bush administration insists it is necessary to… Continue reading Lawmakers Balance Politics With Public Opinion

Yarmuth Says Congress Under Extreme Pressure on Bailout Bill

Louisville Congressman John Yarmuth says lawmakers on Capitol Hill aren’t being given enough time to consider the Bush Administration’s 700-billion dollar financial bailout plan. President Bush has asked Congress to act quickly on the plan, but Yarmuth says there isn’t enough time to fully vet such a large bill. He says there isn’t really even… Continue reading Yarmuth Says Congress Under Extreme Pressure on Bailout Bill

Housing Bill Includes Grants for Community Revitalization

Lawmakers hope a bill passed last week by Congress will help up to 400-thousand struggling American homeowners. But a local mortgage banking industry expert says many Louisville homeowners won’t qualify for the refinanced, government-backed loans. Mortgage Bankers Association of Louisville President Adam Hall says the loans will only be available to homeowners who are upside-down… Continue reading Housing Bill Includes Grants for Community Revitalization

Bunning Opposes Fannie/Freddie Rescue

U.S. Senator Jim Bunning of Kentucky says he’s opposed to the government safety net proposed for mortgage giants Fannie Mae and Freddie Mac. The Republican lawmaker says the federal government shouldn’t have to come to the rescue of shareholder-owned companies every time they get into trouble. Bunning says its a dangerous precedent that could compromise… Continue reading Bunning Opposes Fannie/Freddie Rescue