- Home
- MN/Region
- World/Nation
- Politics
- Health/Science
- Business
- Arts
- Posts
- Sports
- Community Voices
- MN Jobs
By David Brauer | Published Mon, May 19 2008 11:25 am
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.
Like what you just read? Support high-quality journalism in Minnesota by becoming a member of MinnPost.
0 Comments:
Forgot Password? | Register to Comment
MinnPost does not permit the use of foul language, personal attacks or the use of language that may be libelous or interpreted as inciting hate or sexual harassment. User comments are reviewed by moderators to ensure that comments meet these standards and adhere to MinnPost's terms of use and privacy policy.
We intend for this area to be used by our readers as a place for civil, thought-provoking and high-quality public discussion. In order to achieve this, MinnPost requires that all commenters register and post comments with their actual names and place of residence. Register here to comment.