It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
WASHINGTON — House Democrats defied a veto threat from President Bush on Thursday as they approved a broad housing bill that would provide up to $300 billion in federally insured loans to refinance the mortgages of debt-strapped homeowners.
The measure passed by 266 to 154, more than a dozen “yes” votes short of the two-thirds needed to override a veto. Thirty-nine Republicans broke with their party’s leadership to vote for the measure, whose main backer has been Representative Barney Frank, the Massachusetts Democrat who heads the Financial Services Committee.
Similar legislation has been working its way through the Senate, which has a much narrower Democratic majority and where the legislation’s supporters have even less chance to muster a veto-proof majority.