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Senate aims to pass housing subsidy compromise after veto
Senate leaders push rapid passage of a compromise housing bill after Ford vetoed a prior measure. The plan would give the President authority to spend up to 10 billion to buy home mortgages, finance 300,000 homes, and extend repair programs while omitting cash grants for middle class buyers. Ford urged Congress to back loans and foreclosure relief. House votes split along party lines with a veto override failing by 16 votes.
MENTIONED IN THIS ARTICLE
Washington
Senate
Ford
House
Mostgeneree Ae Authority
William
Mire
D-Wis
Banking Committee
John Tower
R-Tex
Congress
Sev