Jumat, 11 Maret 2011

House GOP Shuts Down Failed TARP Mortgage Programs

By Emily Miller
HumanEvents.com

The Republican House terminated a mortgage refinancing program established by President Obama and rescinded $8 billion in TARP funds designated for it.  The “Federal Housing Administration Refinance Program Termination Act” passed the House on Thursday by a vote of 256-171, with 18 Democrats voting in favor of it.  The unspent money will go toward reducing the U.S. debt, which is currently more than $14 trillion.

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