Senate Panel Reaches Agreement on Combining GSE Reform, FHA Housing Bill
The Senate Banking Committee last night reached a bipartisan agreement in principle on draft legislation that combines regulatory reform of the government-sponsored enterprises with a program that would use the Federal Housing Administration to help troubled borrowers.  More Newsbytes

CPI: Headline Up 0.2 Percent; Core Up 0.1 Percent
The Consumer Price Index rose 0.2 percent in April, and by year-over-year was 3.9 percent higher, the lowest since October. Core CPI, less food and energy, rose by a lesser 0.1 percent over the month and was up 2.3 percent from a year prior.  More Perspectives