Democrats, White House Spar Over Mortgage Bill

Law360 (February 27, 2008, 12:00 AM EST) -- Democratic leaders and the White House are locking horns over a controversial housing bill aimed at tempering subprime mortgage market woes by helping homeowners faced with foreclosure.

Challenging a veto threat from the White House, Senate Majority Leader Harry Reid, (D-Nev.) said Wednesday he did not expect to find common ground with the Bush administration on the bill.

“We're going to do what we think is best for the country,” Reid told reporters at a press conference Wednesday, according to The Hill newspaper. “If we get...
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