White House

Bush: No Bail Outs, But Quiet on Housing Package 

Ahead of the scheduled markup of a housing package by the Senate Banking Committee this Tuesday, President Bush reiterated his stance that he would veto any housing package deemed a “bail out” of irresponsible borrowers or lenders. After meeting with Treasury Secretary Hank Paulson, Bush said Monday that he was committed to housing programs that “help people refinance and help people get the financial help necessary to stay in homes.”