Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Watch Live

National

Foreclosure Rescue Bill Passes Key Senate Test

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.

Copyright 2022 NPR. To see more, visit https://www.npr.org.