March 31, 2008
Fresh Joe
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This Week on Capitol Hill
Senators take another stab at passing a mini mortgage-rescue bill this week. The measure would give cities $4 billion to buy and turn around foreclosed homes and set aside $200 million for mortgage counseling as well as $10 billion to refinance homes. The likely deal-breaker is the power the bill gives bankruptcy judges, letting the courts renegotiate mortgages at lower pricetags and rates.
- see more on the housing mess
The House may okay a massive expansion of funding to fight AIDS and other disease in Africa this week, boosting support to $50 billion over five years.
- see the bill, HR 5501
Later this Spring
Although Congress will have its work cut out trying to triage the ongoing mortgage and credit crises, it'll also spend the next couple of months looking at: more funding for the Iraq war; a patent reform bill; alternative energy tax breaks; the farm bill and intelligence wiretapping rules.
If you want to let your Congressfolk know where you stand on any of the issues above, you can email them through Congress.org, because...
Hey, it's your democracy too.
- teamJoe
Next update: April 7


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