Housing Relief Stalls in Senate

hosted.ap.org — A key senator postponed action on a homeowner rescue package that could help half a million strapped borrowers get government-backed mortgages, as negotiators inched toward a bipartisan deal. The delay on the action until next week clouded the prospects of an emerging compromise between Sen. Christopher J. Dodd, D-Conn., the Banking Committee Chairman, and Sen. Richard C. Shelby of Alabama, the panel's senior Republican.

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