House to take up housing bill on Thursday

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The U.S. House of Representatives is expected to vote on a bill on Thursday that would let bankruptcy judges rewrite home loans.

From Reuters UK

The legislation, which aims to ease a deep U.S. housing slump, would also strengthen the ability of the Federal Deposit Insurance Corp to deal with bank failure and make permanent an increase in the insured deposit limit to $250,000.

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Tags: bankruptcy, housing bill, us house of representatives