The housing bailout plan moves forward
Bailout News, Mortgages, The Economy, Real Estate July 10th, 2008
The Senate keeps moving closer to approving a 300 billion dollar housing bailout package.
According to USA Today:
WASHINGTON (AP) — The Senate voted resoundingly Thursday to push closer to passage a massive mortgage rescue plan to help hundreds of thousands of stressed U.S. homeowners, even as the bill faced new obstacles in the House.
By a vote of 84-12, the Senate cleared away the last procedural hurdle hindering the measure, putting the election-year aid package on track for approval as early as Thursday. It is far from complete, however, with House leaders planning to rewrite key portions and the White House still threatening a veto.
