The Christian Science Monitor Newspaper, April 4, 2008, published by CSM, is now available. Free download, PDF version.

A Senate deal on housing relief
By GAIL RUSSELL CHADDOCK
STAFF WRITER

WASHINGTON – It took the Federal Reserve just 96 hours to react to the collapse of investment bank Bear Stearns. It’s that rescue on Wall Street that’s driving momentum on Capitol Hill for quick relief for the housing
crisis on Main Street.

Senators got an earful from constituents over a two-week break, especially the disconnect between the Fed’s $29 billion plan to facilitate the sale of Bear Stearns and the lack of meaningful relief for financially stressed homeowners. Within hours of a return to Washington, Senate leaders on both sides of the aisle put a stalled housing relief bill on the fast track, dropping cherished positions to do so.

The $15 billion housing package includes billions in tax breaks for home builders, block grants and tax breaks for the purchase of foreclosed properties, and $100 million in counseling for homeowners facing foreclosure.

“A month ago, you couldn’t even get to a debate on the housing crisis,” said Sen. Christopher Dodd (D) of Connecticut, who ...See HOUSING page 10

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Christian Science Monitor Newspaper Official Website

The Christian Science Monitor (CSM) is an international newspaper published daily, Monday through Friday. Started in 1908 by Mary Baker Eddy, the founder of the Church of Christ, Scientist, the paper does not usually use wire services and instead relies largely on its own reporters in bureaus in nineteen countries around the world.

Despite the name, the CSM is a newspaper that covers current events around the world. The paper professes that its purpose is not an attempt to evangelize. With the exception of a daily religious feature on the The Home Forum page, the content represents international and United States news.

As of 2005, the print circulation is reported to be 71,000 but has a much larger online readership.

(From wikipedia, the free encyclopedia)

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