MAA Newsletter: November, 5 2013
While much of Washington remained under a partial government shutdown last week, the Senate Banking Committee continued its work toward comprehensive housing finance reform, hearing testimony this week from MBA Chairman-Elect E.J. Burke at a hearing focused on the multifamily piece of the legislative puzzle. In the bigger budget battle, Congressional Republicans and the Obama administration remain far apart on a longer-term agreement to fund the government, but there appeared to be momentum in recent days to strike a deal that would raise the nation’s borrowing limit and thereby avert what many have predicted would be a catastrophic default.
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