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Commerzbank Q4 hit by Greek writedown
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US House votes to kill main Obama foreclosure aid
WASHINGTON, March 29 |
WASHINGTON, March 29 (Reuters) - The U.S. House of Representatives voted on Tuesday to kill President Barack Obama's signature program to help struggling homeowners avoid foreclosure, although the bill is unlikely to clear the Senate.
A bill to terminate the program was approved on a 252-170 vote. 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. (Additional reporting by Dave Clarke; editing by Andre Grenon))
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