Pelosi Urges Bush to Work with Congress to Keep People in Their Homes and Stabilize the Housing Market

Contact:Brendan Daly/Nadeam Elshami, 202-226-7616

Washington, D.C. - Speaker Nancy Pelosi issued the following statement today in response to comments by President Bush after he met with House Republican leaders at the White House this morning:

"American families confronting foreclosure deserve better from the President than a veto threat; they deserve the House's bipartisan housing plan that will protect the American Dream of home ownership.

"The President should work with Congress so that we can speed relief to Americans facing foreclosure and help them keep their homes. The bipartisan plan has been endorsed by leading economists because it is a comprehensive solution to the mortgage lending crisis and is essential for our economic recovery.

"Only moments after falsely accusing Congress of inaction, the President signed bipartisan legislation passed by the New Direction Congress that will help keep college loans affordable and will sign other bipartisan priorities that will become law because the he set aside partisanship and worked with Democrats to make progress for America. We urge him to do so again and work with Congress to keep people in their homes and stabilize the housing market."