Housing and Economic Recovery Act

Senate Passes Housing Bill, But Support Seen as Problematic 

Despite hurdles that experts say will likely prevent it from moving any further, the Senate Thursday passed a bi-partisan housing bill by a wide 84-12 margin. Even the measure’s supporters, however, acknowledge that it may be dead on arrival after the White House signaled Wednesday its opposition to the bill, and House Democrats have said they intend to introduce a broader measure that more directly targets troubled homeowners.