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Vote On Housing Rescue Bill Looms In Congress

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Vote On Housing Rescue Bill Looms In Congress

Politics

Vote On Housing Rescue Bill Looms In Congress

Vote On Housing Rescue Bill Looms In Congress

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  • <iframe src="https://www.npr.org/player/embed/92768063/92768035" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

This week, Congress votes on a bill that would help homeowners facing foreclosure. The measure may also include a Bush administration plan to help mortgage finance companies Fannie Mae and Freddie Mac.

Allan Meltzer, an economist at Carnegie Mellon University, talks with Deborah Amos about how the proposed measure may or may not help homeowners. They also discuss what average Americans may face as the country continues to experience an economic slowdown.

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