Bush says would veto housing bill

Wed May 7, 2008 1:02pm EDT
 
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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.

"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)

 
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