News bites: Amateur hour

Professional negotiators have been watching lawmakers haggle over the debt limit, and they're not impressed.

A bipartisan bill is expected to be dropped today that would replace Fannie and Freddie with five private companies ...

... as big banks begin to put the brakes on foreclosures amid heightened scrutiny and criticism ...

... and the rate of foreclosures hit its lowest point in over three years.

The International Energy Agency expects price pain at the pump to continue through the year.