White House Issues Veto Threat To Democrat Housing Plan

In Washington, D.C., The Associated Press reports:

• The White House on Tuesday threatened a veto of Democrats' broad housing rescue plan, calling it a burdensome bailout that would open taxpayers to too much risk. [...] Democrats' housing plan, written by Rep. Barney Frank, D-Mass., would allow the Federal Housing Administration to insure up to $300 billion in new mortgages for struggling homeowners currently too financially strapped to qualify for such loans. [...] "You can't always get what you want, exactly. But this is a very real effort to reach out and find common ground," Frank said.

For more, see Bush threatens veto of housing aid.