![The Adviser](https://res.cloudinary.com/momentum-media-group-pty-ltd/image/upload/c_fill,e_unsharp_mask:100,g_center,h_389,q_auto:best,w_798/v1657606059/The%20Adviser/basic/default_vvdbbx.webp)
The US Senate passed a landmark piece of housing legislation on Saturday to accelerate assistance to the troubled housing market.
The legislation will provide for US$300 billion in assistance for troubled home owners as well as a rescue plan for troubled government entities Freddie Mac and Fannie Mae.
President Bush is expected to sign the legislation early this week.
Published: 28-07-08
Related Articles
US Treasury to bail out Freddie and Fannie, 15-07-08