NPR logo

Foreclosure Rescue Bill Passes Key Senate Test

  • Download
  • <iframe src="https://www.npr.org/player/embed/91868740/91868728" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Foreclosure Rescue Bill Passes Key Senate Test

Economy

Foreclosure Rescue Bill Passes Key Senate Test

Foreclosure Rescue Bill Passes Key Senate Test

  • Download
  • <iframe src="https://www.npr.org/player/embed/91868740/91868728" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Congress is close to sending the president a sweeping measure to help homeowners avoid foreclosure. Under the bill, the Federal Housing Administration would provide loan guarantees for people seeking to refinance their mortgages. The Senate may pass the bill as early as Wednesday. President Bush has threatened a veto, but the White House said Tuesday that the door was open to compromise.