White House

Housing Package Set For House Approval; Bush Drops Veto Threat 

A little fear over the possible future of Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock] is apparently all it took to put enough momentum behind a behemoth housing package that has been bouncing throughout Congress since May — on Wednesday morning, White House press secretary Dana Perino told reporters that President Bush would not veto the bill, likely clearing the way for passage later today by the House of Representatives. News broke late Tuesday that House and Senate lawmakers had reached a compromise on the final bill, as well.