Menu
Home

U.S.

Congress breaks for 5 weeks, but much work undone

Congress' performance matches its approval rating — abysmal.

Lawmakers headed home for a five-week break with a lengthy list of uncompleted work and little to show for the past year and a half except an eye-popping amount of dissatisfaction.

Nearly 80 percent of Americans are unhappy with them.

Partisanship and election-year politics have left a drought-stricken nation wondering if new help will ever come and the U.S. Postal Service uncertain about its solvency.

Some $110 billion in automatic, across-the-board cuts are due to hit military and domestic programs on Jan. 2, yet no bipartisan solution is in sight or even under discussion by those who really matter.

The standoff is what happens when a bitterly divided government mixes with election-year politics to throw sand in the gears of official Washington.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.28% -- 4.28%  
15 Y Fixed Graph 3.26% up 3.17%  
30 Y Fixed Jumbo Graph 4.53% dw 4.55%  
5/1 ARM Graph 3.43% dw 3.51%  
5/1 Jumbo ARM Graph 3.56% dw 3.57%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.36% up 4.34%  
$50K HELOC Graph 4.06% -- 4.06%  
$30K Loan Graph 5.07% up 5.04%  
$50K Loan Graph 4.51% up 4.50%  
$75K Loan Graph 4.51% up 4.50%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.92% -- 2.92%  
36 M Used Graph 3.46% up 3.43%  
48 M New Graph 3.21% up 3.18%  
48 M Used Graph 2.98% up 2.92%  
60 M New Graph 3.23% up 3.18%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.35% up 0.34%  
1 yr Graph 0.66% -- 0.66%  
5 yr Graph 1.35% up 1.34%