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  Breakthrough on housing
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ContributorArmyDem 
Last EditedArmyDem  Apr 02, 2008 09:14am
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News DateTuesday, April 1, 2008 03:00:00 PM UTC0:0
Description By J. Taylor Rushing
Posted: 04/01/08 07:56 PM [ET]

Senate Democrats and Republicans are edging closer to a bipartisan housing bill after a surprise breakthrough Tuesday on the top issue facing Congress.

Under the deal, Senate Banking Committee Chairman Chris Dodd (D-Conn.) and ranking Republican Richard Shelby (Ala.) are to produce a product by noon Wednesday that can patch up the country’s tattered housing industry.

The unexpected development was marked by a joint press conference that brought Senate Majority Leader Harry Reid (D-Nev.) shoulder-to-shoulder with Minority Leader Mitch McConnell (R-Ky.) — a visual image so rare that Reid promised reporters it wasn’t an April Fool’s joke.

“This is important, and the picture that we have here says it all,” Reid said, calling it a “breakthrough in this very difficult political year.”

“We can both go and do our separate press availabilities and beat up on the other, [but] the time has come for us to legislate.”
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