2008-06-27

Sen. Ensign Stalls Housing Relief with Call for Energy Credits. By Lori Montgomery, WashPost, June 27, 2008. "A Republican senator from Nevada, home to the highest foreclosure rate in the nation, yesterday blocked an ambitious plan to help troubled borrowers save their homes, saying he will not permit the measure to go forward unless the Senate adds tax breaks to encourage the production of renewable energy. The demand by Sen. John Ensign (R-Nev.) stalled a massive housing package with broad bipartisan support even as a report showed that new-home sales continued to tumble, underscoring the severity of the nation's housing slump. It also threw the Senate into chaos days before Congress is scheduled to leave town for the July 4 holiday, prompting Senate leaders to threaten to keep lawmakers in Washington through the weekend... 'I think we could complete this bill in a couple hours,' said Senate Banking Committee Chairman Christopher J. Dodd (D-Conn.), the measure's chief sponsor in the Senate. Dodd said that although he supports Ensign's energy credits, the housing bill is not the place for them."

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