Bush drops threat to veto mortgage bill By Richard Simon | Chicago Tribune Newspapers WASHINGTON - The House approved a sweeping plan Wednesday to ease the most serious housing crisis since the Great Depression by providing aid to homeowners facing foreclosure and a federal backstop for struggling mortgage giants Fannie Mae and Freddie Mac. In a sign of election-year anxiety over the economy, the White House, in a reversal, dropped its veto threat and signaled that President George W. Bush would sign the measure, even though it includes a provision he opposed to provide $4 billion for communities to buy and fix up abandoned properties. Senate approval could come by the end of the week. "This is the most important piece of housing legislation in a generation," said Senate Banking Committee Chairman Christopher Dodd (D-Conn.)....
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