Bipartisan Majority Protects Homeowners
U.S. Senate Republican Leader Mitch McConnell made the following statement Thursday regarding a bipartisan rejection of the Durbin cramdown' amendment to the housing bill:
"Once again, a bipartisan majority of the Senate has voted to protect current homeowners and future homeowners from legislation that will lead to higher interest rates and even greater uncertainty in the housing and credit markets. It's clear that we cannot fix the housing problem by implementing bad policies. The vote today was a bipartisan rejection of an interest-rate hike, which is exactly the wrong solution for jobs, homeowners and the economy."