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Old 04-02-2008, 09:25 AM
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Default Senate Foreclosure Relief Bill Advances

By ANDREW TAYLOR
Associated Press
April 2, 2008

WASHINGTON (AP) -- Under growing pressure from voters to do something about the nation's home foreclosure crisis, top Senate leaders agreed Tuesday to at least start with a plan that can win the support of both Democrats and Republicans.

The pact between Majority Leader Harry Reid, D-Nev., and Minority Leader Mitch McConnell, R-Ky., ended weeks of partisan bickering over what to do about the crisis in the housing market and the toxic effect it's having on the economy.

There is considerable common ground on several steps that can be taken to improve the situation, but battles over how to structure the debate had threatened to produce gridlock.

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