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POLITICAL AGENDA

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    Congressman Walz: the foreclosure next door

    Every so often, we're reminded the U.S. Congressfolk really are people like us. Today's example: Tim Walz.

    The Rochester Post-Bulletin reports on Walz's close encounter with the foreclosure crisis: the congressman says the house next to his Mankato home "has been in foreclosure for a year and my property value dropped 20 percent this year."

    The anecdote is part of reporter Edward Felker's closer look at congressional attempts to ameliorate foreclosure damage. Walz, a first-term Democrat, favors a House bill that would let the Federal Housing Administration insure rewritten mortgages, provide $10 billion in revenue bonds to states, and funnel $11 billion toward homeowner tax credits.

    Walz's congressional neighbor, Republican John Kline, opposes the plan, the Post-Bulletin notes. The House and Senate are trying to reconcile bills, but the margins aren't large enough to overcome President Bush's threatened veto. — David Brauer

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    Political Agenda is a place for quick-hit news about Minnesota's political scene and players. MinnPost's staff, including Eric Black, G.R. Anderson, Joe Kimball, David Brauer and Doug Grow, will contribute items about local and state government, plus national political doings that have a Minnesota angle. Items will appear throughout the day, so check back often.

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