The credit crunch could be having an effect on two local deals.
The deal to build a hotel across from the D.C. Convention Center might not happen because of timing - interest rate and construction costs are up, and the hotel boom may be slowing. See story
And columnist Steven Pearlstein thinks it's about time. See his column and tune into his chat at 11 a.m.
Carlyle Group of the District postponed the sale of Insight Communications because bidders didn't meet the price that the District-based private-equity firm exepcted. See story
Barney Frank of Massachusetts said he's going to add a provision to legislation to raise the cap on the loans that Fannie Mae and Freddie Mac can buy from $417,000 to $500,000.
The Federal Communications Commission ruled that Reston-based Sprint has to pick up the pace on untangling its wireless signals from those used by public-safety workers.
Census data show that more Americans are postponing retirement, and that trend is pronounced in the Washington area. See story
Commuters, rejoice: The Blue Line will have longer trains, Metro said.
The D.C. Taxicab Commission avoided making any recommendation to Mayor Fenty beyond that he look at regulations that might allow the hybrid "zone meter." See story
Instead of dealing with zones and traffic, Courtland Milloy took a water taxi from the Fort Washington marina to where the new Nats stadium is being built. He thinks there's something to it. See column
Some comings and goings:
Trex of Winchester, the largest U.S. maker of composite decking and fencing, appointed Chairman Anthony J. Cavanna interim chief financial officer.
Leonard Reid, top supervisor at the Office of Federal Housing Enterprise Oversight, Fannie and Freddie's overseer, plans to retire at the end of the year.
Nabi Biopharmaceuticals said that once it sells its Nabi Biologics division to German drugmaker Biotest, it will move its headquarters to Rockville from Boca Raton, Fla.
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