In the Rose Garden last Friday, the President proposed policy changes to address problems in the subprime mortgage market. Here are his remarks and a fact sheet. I’m going to do this in three parts: (1) give a few definitions for those who are new to the housing finance world; (2) define the…

This is part two (of two) of your crash course on problems and solutions in the mortgage markets. Here’s part one. There is also a great op-ed on the financial market impacts of these mortgage market problems. It ran in today’s Financial Times, and was coauthored by two…

A: (1) Prague, Czech Republic. (2) Heiligendamm, Germany, for the G-8 meetings. (3) Jurata and Gdansk, Poland. (4) Rome and the Vatican…

The President spoke today to the U.S. Global Leadership Council about America’s international development agenda. You can find his remarks here. His wide-ranging speech covered trade, debt relief, education, AIDS, and malaria…

Here is the 38-page “Summit Declaration” from the G8 summit, released earlier today. The summit and the document cover many important economic topics. I’m going to focus on the climate change section, which is receiving a lot of press coverage.

As a follow-up to last night’s note on the energy bills the House is considering today, here is the Statement of Administration Policy (SAP) on these two bills.

The key sentence is:

Because H.R. 2776 and H.R. 3221 fail…

The President spoke about the budget yesterday when we released the Mid-Session Review, the summer update of the budget numbers.

Here’s the least you need to know:

• This year’s deficit (for Fiscal Year 2007) is now projected to be $205…