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Bush says would veto housing bill

WASHINGTON
Wed May 7, 2008 1:02pm EDT
U.S. President George W. Bush delivers remarks at an event commemorating Military Spouse Day on the South Lawn at the White House in Washington May 6, 2008. REUTERS/Jim Young

WASHINGTON (Reuters) - President George W. Bush warned that he would veto legislation aimed at shoring up the housing market which is slated for a vote in the U.S. House of Representatives on Wednesday.

Barack Obama  |  Bonds  |  Global Markets  |  Housing Market

"We are committed to a good housing bill that will help folks stay in their house as opposed to a housing bill that will reward speculators and lenders," Bush said after meeting with House Republicans. "I will veto the bill that's moving through the House today if it makes it to my desk."

(Reporting by Jeremy Pelofsky; Editing by Theodore d'Afflisio)
Barack Obama
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