Stand up for nonprofit news & help us reach our $100,000 goal! GIVE NOW
Mid-day Update

PODCAST: Government shutdown could stress out homebuyers

David Brancaccio Oct 7, 2013
HTML EMBED:
COPY
Mid-day Update

PODCAST: Government shutdown could stress out homebuyers

David Brancaccio Oct 7, 2013
HTML EMBED:
COPY

Buying a home is hard enough these days, with mountains of paperwork and lenders enforcing tight standards. But it could get even worse during this month.

The government shutdown is hampering lots of different mortgage processing, and not just for Federal Housing Administration loans used by many first-time buyers with low or moderate income.

If you’re keeping up with the budget fight in D.C., you might be thinking, “I could figure this out, why don’t they ask me?” Well, in San Francisco, some residents are getting that chance. The city by the bay just finished an experiment in participatory budgeting. The idea is simple. Let ordinary folks decide how to spend public money. San Francisco is one of a handful of cities around the country piloting the idea. 

Every company strives to be innovative, but Thomson Reuters says it’s figured out a way to measure innovation. Today, it released a list of the world’s 100 most innovative companies. U.S. companies dominate the list, taking nearly half the spots. But what about companies in the world’s second largest economy? Not a single Chinese company made the list.

 

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.