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Government World Supreme Court Press Releases Search: All News Yahoo! News Only News Photos Video/Audio Advanced Senate housing rescue bill clears key test vote 16 minutes ago WASHINGTON (Reuters) - U.S.
Senate backers of a housing bill that the White House opposes cleared a procedural hurdle on Tuesday, moving toward expected passage of the measure that would create a multi-billion dollar mortgage refinancing fund.
ADVERTISEMENT With home prices sliding steeply and foreclosures rising, supporters got more than the 60 votes needed to limit debate on the bill, which President George W.
Bush has vowed to veto.
A vote on passage could come as early as Wednesday, with Democrats and many of Bush's fellow Republicans backing the sweeping package, which would also retool the regulator for Fannie Mae and Freddie Mac, the nation's two largest mortgage financing organizations.
(Reporting by Patrick Rucker and Kevin Drawbaugh, Editing by Chizu Nomiyama) Email Story IM Story Printable View Yahoo! Buzz RECOMMEND THIS STORY Recommend It: Not at All Somewhat Moderately Highly Very Highly Average (Not Rated) » Recommended Stories Politics News Bill Clinton offers support to Obama AP McCain veep helper is discreet lawyer AP AFL-CIO getting ready to endorse Obama AP James Dobson accuses Obama of `distorting' Bible AP How Hoyer got the deal done Politico Most Viewed - Politics James Dobson accuses Obama of `distorting' Bible AP McCain veep helper is discreet lawyer AP Bill Clinton offers support to Obama AP Housing rescue passes key test AP Obama on wrong side of Elian Gonzalez saga Politico Politics Video Dobson blasts Obama on Bible CNN - Tue Jun 24, 8:15 AM ET McCain Aide Regrets Terror Remark ABC News - 2 hours, 37 minutes ago Where is Bill Clinton.
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