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Bonds News

House Republicans say want clean bailout bill

WASHINGTON, Sept 27 (Reuters) - Republicans in the U.S. House of Representatives said on Saturday there were several issues that still had to be resolved in order to reach a deal on a financial rescue bill.

“We want to make sure that not only is it effective for the taxpayer, but that it is a clean bill that does not have special interest demands attached to it,” Rep. Adam Putnam of Florida, a member of the House Financial Services Committee, said at a news conference with other House Republicans.

The House lawmakers, including Republican leader John Boehner of Ohio, cited a number of provisions that had been sought by Democrats, including funding for an affordable housing trust fund and a provision that would let bankruptcy judges modify mortgages for bankrupt homeowners.

Reporting by Kevin Drawbaugh, Editing by Sandra Maler

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