House passes sweeping mortgage rescue

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House passes sweeping mortgage rescue more»»
The House voted 272-152 to pass sweeping legislation that will offer up to $300 billion in aid to troubled homeowners and throw government support behind mortgage giants Fannie Mae and Freddie Mac. The nearly 700-page bill will now go to the Senate, CNNMoney.com reports. Earlier in the day, President Bush withdrew a longstanding veto threat.

Thu Jul 24, 2008

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