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Housing Bill Stalls in Senate

An anticipated final vote on a Senate Housing Bill that would provide an additional $300 billion for the support of more FHA-insured mortgage loans may not occur for several weeks, Bloomberg news quoted U.S. Senator Harry Reid as saying (D-NV) on Thursday.
The housing bill, which also had provisions to create a new regulator for the government-sponsored enterprises, stalled in the Senate when Sen. John Ensign pushed for a bill amendment that would include $7 billion in renewable energy tax cuts.
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Author: Kerri Panchuk Date: 06/25/2008

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