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Thursday, July 10, 2008

Senate Housing Bill Getting Closer

by Calculated Risk on 7/10/2008 01:38:00 PM

From the WSJ: Senate Housing Rescue Bill Edges Closer to Passage

The Senate voted resoundingly Thursday to push closer to passage a massive mortgage rescue to help hundreds of thousands of stressed homeowners, even as the bill faced new obstacles in the House.

By a vote of 84-12, the Senate cleared away the last procedural hurdle hindering the measure, putting the election-year aid package on track for approval as early as Thursday afternoon.