Back in January, President Barack Obama promised to push ahead in Congress with initiatives to clear the way for homeowners trying to refinance. But lawmakers, including members of Mr. Obama?s own party, haven?t exactly been in rapid-response mode on the issue.
David Wessel: Officials clearly didn't think through the politics of the plan--whatever its merits--and now the administration is in the embarrassing position of sending Congress a budget that includes a proposal the president has d... Read Post
President Barack Obama on Wednesday called on Congress to approve a $5 billion to $10 billion effort to help U.S. homeowners refinance as part of a wider package of proposals to shore up the depressed housing market. Read Post