Wednesday, February 27

Reid Sees Red on Housing Foreclosure Bill

With his state leading the nation for the percentage of houses in foreclosure, is it any wonder that Senate majority leader Harry Reid is talking tough about trying to win passage of a bill to curb rising home foreclosures by changing bankruptcy law.

U.S. Senate Majority Leader Harry Reid said on Wednesday he planned to ignore a threatened White House veto and attempt to pass the bill stating, "I have no expectation of reaching any agreement with the White House," said Reid a day after the administration warned the bill would need changes to get President George W. Bush's signature.

"I have tried for seven years" to reach agreements with Bush on a variety of issues, but have repeatedly failed, said Reid. "So we are going to do what we think is best for the country," Reid said. "If we get 67 votes (in the 100-member Senate to override a possible Bush veto), that's great."

The Senate must first overcome a probable Republican-induced hurdle that would take 60 votes to clear. "I think we are going to get more than 60 votes," said Reid, whose fellow Democrats control the Senate, 51-49.

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