Read the Bills Act Coalition

Thursday, July 24, 2008

Bush drops opposition to Bailout Bill

From the AP:

'President Bush has dropped his opposition to legislation that aims to calm the chaotic housing market despite his opposition to a $3.9 billion provision, the White House said this morning. Under the bill, the government would help struggling homeowners get new, cheaper loans and would be allowed to offer troubled mortgage giants Fannie Mae and Freddie Mac a cash infusion. The House was expected to vote on the bill Wednesday, and it could become law as early as this week.'

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