Senate set to vote on housing-rescue legislation

07/11/2008 | International Herald Tribune

The Senate voted to limit debate on the housing-rescue bill and schedule a vote on the legislation. The move comes as Fannie Mae's and Freddie Mac's troubles have worsened and the entities appear to be in need of help. Since the White House has threatened to veto the bill, the next step is uncertain. "Unless we act and do so promptly, we're going to look at a situation that only gets worse," said Sen. Christopher Dodd, D-Conn.

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