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7:30 p.m. during Ross Township's monthly meeting, Monroe County emergency management director Guy Miller said. State police said about 15 to 18 residents and town officials were at the building, a short drive from Newell's property, when the gunfire erupted.
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Obama to call for mortgage overhaul against backdrop of Phoenix's improving housing market
• WASHINGTON (AP) -- President Barack Obama is proposing to overhaul the nation's mortgage finance system, including shutting down government-backed Fannie Mae and Freddie Mac. And he has some bipartisan support on Capitol Hill.
• Obama was to outline his proposals Tuesday at a construction company in Phoenix, once the epicenter of the housing crisis following the 2008 economic collapse. The housing market in the region, as in much of the country, has rebounded in recent months, buoyed in part by low interest rates.
• The president's trip marks the latest stop on his summertime economic tour aimed at refocusing his agenda on middle-class Americans still struggling to recover from the recession. The collapse of the housing market in particular had a dramatic impact on people's lives and the economic viability of communities nationwide.
• "So many Americans across the country view their own economic and financial circumstances through their homes and whether they own a home, whether their home is underwater, whether they feel like they have equity in their homes," White House spokesman Jay Carney said Monday.
• Senior administration officials said Obama would focus in Phoenix on shifting more of the burden for supporting the nation's massive mortgage market to the private sector. A centerpiece of that effort is winding down Fannie Mae and Freddie Mac, the mortgage finance operations that received a $187 billion taxpayer-funded bailout in 2008.
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