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House votes to kill main Obama foreclosure aid

March 30th, 2011 · No Comments

The House of Representatives on Tuesday voted to kill President Barack Obama’s signature program to help struggling homeowners avoid foreclosure.

A bill to terminate the program was approved on a 252-170 vote. But the bill is unlikely to clear the Senate.

It was the last in series of four measures brought forward by newly empowered House Republicans to end government assistance for homeowners hurt by the housing crisis.

Fully story over at Yahoo News.

Tags: Government Bailout · Mortgage Legislation

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