Political Quotes

“As you know, we are strong proponents of the PAYGO rule and have adhered to that in all but one instance last year. We did not adhere to it, as you know, with the stimulus package. There was concern, and obviously we didn't want to stimulate and depress at the same point in time, so that was under discussion. But I will tell you on the housing bill itself, Mr. Frank has been working on that with his committee, Maxine Waters and others, and with Mr. Bachus and others on the committee. And we would certainly hope to move a housing bill in the near term, certainly no later than the latter part of this month or the very first days of the next month, so that we can pass a bill that would give relief to those who have either been foreclosed upon or are on the brink of foreclosure. We believe that it is essential for us to try to address what is a national problem and a very serious one. And so, that will also go into the consideration, I think, of how much money is needed, how that will be paid for.”