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<p style="font-size:xx-small;">agenda that the House Republican Caucus set
for the 2013 session. To take effect, the bill still must be
passed by the Senate and approved by Alabama voters in a statewide
referendum.In the Senate, Sanford said he was not trying to declare all
federal gun laws void. Instead, he said he hoped that if Congress
were to pass gun controls, the legislation would permit the state attorney
general to issue an opinion that the law was unconstitutional and then
Alabama law enforcement officers could refrain from enforcing it.We are
going to declare it null and void and not participate with the
federal government, said Sanford, who has a pistol permit and regularly
carries a gun.Republican Sen. Dick Brewbaker of Montgomery voted for the
bill, but he said states trying to nullify federal laws have been
losing ever since the 1830s when South Carolina tried it with a
federal tariff in President Andrew Jacksons administration.Sanfords bill
would have to pass the House and be signed by the governor
to become law. He said House approval will be hard to get
because the Legislature has only four meeting days left in the 2013
session. We are so late in the session, it makes it difficult
to pass anything, he said.The bill comes two weeks after Kansas Republican
governor, Sam Brownback, signed a law providing that all Kansas-made guns
that have not left Kansas are exempt from federal gun control laws.Immediately
after passing Sanfords bill, the Senate pass
n.Obama will announce Wheeler's and Watt's appointments from the White
House Wednesday afternoon. The White House officials spoke on condition
of anonymity because they weren't authorized to publicly discuss the appointments
before the president's formal announcement.Watt's nomination comes at a
crucial time for Fannie Mae and Freddie Mac, two federally sponsored mortgage-finance
enterprises that the government rescued at the height of the financial crisis
in September 2008 as they teetered near collapse from losses on mortgage
loans gone bad.Taxpayers have spent about $170 billion to rescue the companies.
So far, they have repaid a combined $55.2 billion.Fannie and Freddie together
own or guarantee about half of all U.S. mortgages, or nearly 31
million home loans. Those loans are worth more than $5 trillion. Along
with other federal agencies, they back roughly 90 percent of new mortgages.The
nomination comes as the housing industry is making a comeback. Home prices
are up, foreclosures are down and housing construction is on the rise.
Moreover, Fannie Mae had its biggest yearly profit last year, earning $17.2
billion.Watt, a senior member of the House Financial Services Committee
and former chairman of the Congressional Black Caucus, played an influential
role in the passage of a financial regulatory overhaul in 2010. That
legislation, however, did not address the fate of the major mortgage lenders,
an issue likely to come up during Obam
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