As the Bush administration presses for quick congressional action on a $700-billion bailout package for financial institutions that made bad loans, Democrats insist that the plan must also help struggling people stay in the homes they can no longer afford. Treasury Secretary Henry Paulson indicated that while mortgage relief is important, it shouldn't be part of the bailout package.
Tuesday, September 23, 2008
As the Bush administration presses for quick congressional action on a $700-billion bailout package for financial institutions that made bad loans, Democrats insist that the plan must also help struggling people stay in the homes they can no longer afford. Treasury Secretary Henry Paulson indicated that while mortgage relief is important, it shouldn't be part of the bailout package.
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