This Week on Tap

This Week on Tap


This week, the House will debate two housing bills: the FHA Housing Stabilization and Homeownership Retention Act, which would allow the Federal Housing Administration to guarantee up to $300 billion in refinanced mortgages for troubled borrowers, and the Neighborhood Stabilization Act, which would provide $15 billion in loans and grants to local governments to buy foreclosed properties. An extension of the Higher Education Act (its current reauthorization is still being threshed out in conference) is also on the docket, as well as possible consideration of the farm bill. Negotiations on the war supplemental bill continue. While Rep. Steny Hoyer (D-Md.) insists the bill will pass before the May 23 recess, ongoing struggles over what domestic spending to include make its current outlook unclear.

The Senate resumes debate on the Federal Aviation Administration reauthorization bill, which stalled last week over disputed pension language. Should members approve the bill, legislation on flood insurance is next on the agenda. A possible unveiling of a gas package–likely to mandate a pause in stocking the Strategic Petroleum Reserve–could also occur as early as midweek.

Meanwhile, Congress holds hearings on mortgage refinancing, healthcare reform, fuel subsidies, veterans’ benefits, and the Internet Freedom Preservation Act. John Ashcroft, John Yoo and David Addington (the vice president’s chief of staff) are scheduled witnesses for a Tuesday hearing on Guantanamo Bay and administration interrogation rules, but despite Rep. John Conyers’ subpoena threats, none have yet confirmed they’ll appear.

Thank you for reading The Nation

We hope you enjoyed the story you just read, just one of the many incisive, deeply-reported articles we publish daily. Now more than ever, we need fearless journalism that shifts the needle on important issues, uncovers malfeasance and corruption, and uplifts voices and perspectives that often go unheard in mainstream media.

Throughout this critical election year and a time of media austerity and renewed campus activism and rising labor organizing, independent journalism that gets to the heart of the matter is more critical than ever before. Donate right now and help us hold the powerful accountable, shine a light on issues that would otherwise be swept under the rug, and build a more just and equitable future.

For nearly 160 years, The Nation has stood for truth, justice, and moral clarity. As a reader-supported publication, we are not beholden to the whims of advertisers or a corporate owner. But it does take financial resources to report on stories that may take weeks or months to properly investigate, thoroughly edit and fact-check articles, and get our stories into the hands of readers.

Donate today and stand with us for a better future. Thank you for being a supporter of independent journalism.

Ad Policy