Senate Republicans Block Mortgage Relief Bill

Edmund L. Andrews reports for The New York Times: "Just a month after President Bush and Democratic leaders hailed their bipartisan agreement on an economic stimulus plan, the two sides went to war on Thursday over how to prevent widening damage from the housing crisis. Senate Republicans, lining up with President Bush, blocked a Democratic bill that would provide more money for homeowner counseling programs and let bankruptcy judges reduce the terms of a mortgage for people about to lose their houses through foreclosure."

//www.truthout.org/docs_2006/022908M.shtml



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