Housing aid bill clears key Senate hurdle - WMC Action News 5 - Memphis, Tennessee

Housing aid bill clears key Senate hurdle

WASHINGTON (AP) - A massive foreclosure rescue bill has cleared a key Senate test, drawing broad support from Democrats and Republicans alike.

The Senate voted 83-9 Tuesday to speed up work on the $300 billion mortgage aid plan, putting it on track for a final vote later in the day.

The wide margin of clearance on the procedural vote reflected a keen interest in both parties in claiming election-year credit for helping homeowners amid tough economic times.

Still, the measure faces a veto threat from President Bush and disputes among Democrats about key details. Those challenges will probably delay any final deal until mid-July.

(Copyright 2008 by The Associated Press.  All Rights Reserved.)

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