"President Bush dropped his threat Wednesday to veto a sweeping housing bill that will offer up to $300 billion in assistance to troubled homeowners and throw government support behind mortgage finance giants Fannie Mae and Freddie Mac.
The House is expected to pass the nearly 700-page measure on Wednesday afternoon. It could then go back to the Senate for a final vote as early as this evening.
'The positive aspects of the bill are needed now to increase confidence and stability in the housing and financial markets,' White House spokeswoman Dana Perino said Wednesday."
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Bush green-lights housing bill
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