Lawmakers push for homeowner protection in rescue plan

09/24/2008 |

The White House, including President George W. Bush, urged Congress to pass the broad rescue plan, saying if it is not passed, there is a risk of triggering a recession, which would boost unemployment and cause more home foreclosures. Lawmakers oppose several aspects of the plan, including above-the-law authority requested by Treasury Secretary Henry Paulson and the lack of help for struggling homeowners. They also want taxpayers to receive a stake in companies that the rescue would help.

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