House Rescue Bill Moves through the Pipeline

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Rescuing Fannie Mae and Freddie Mac could cost American taxpayers $25 billion, which has created new anxiety over the housing market. Today, Bush White House dropped its threat to veto legislation designed to bolster the housing market.  James Politi reports from Washington for the Financial Times.

Credits

Guest:
James Politi - US Economics and Trade Correspondent, Financial Times

Host:
Warren Olney

Producers:
Katie Cooper, Sonya Geis, Christian Bordal