Congress Urges New Housing Regulators

Congress urged the Bush administration to replace the director and deputy director of the regulator for Fannie Mae and Freddie Mac, the largest sources of money for U.S. home mortgages.

The Senate and House on Saturday, as part of a $388-billion spending bill, called for the ouster of Armando Falcon and Stephen Blumenthal from the Office of Federal Housing Enterprise Oversight.

From Bloomberg News

* Congress is letting employers hire an additional 20,000 foreign high-tech workers under a special visa program after businesses reached the annual ceiling on the first day of the government's fiscal year.