Bush to coax Congress into mortgage deal

Philippines News.Net
Wednesday 2nd July, 2008

President Bush has claimed he will eventually reach a deal with Congress on a housing-rescue plan.

The president's comments came as a boost to some homeowners, saddled with mortgage payments they can't afford.

At a credit-counseling agency in Arkansas that helps people heavily in debt, President Bush said he could probably get the bill through if lawmakers show 'less politics.'

The Senate is considering a $300 billion plan to back cheaper loans for people who risk losing their home.

Senate leaders hope to get back to the bill after their week-long break.

The bill has been held up over an unrelated dispute about tax breaks for renewable energy.

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