[Congressional Record Volume 154, Number 115 (Monday, July 14, 2008)]
[Senate]
[Page S6672]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                                PROGRAM

  Mr. REID. Mr. President, we are going to be able to move through this 
PEPFAR legislation. It would be good for our country if we pass it. I 
also have spoken to the Speaker. She agrees with me and Senator 
McConnell that we should move this housing fix quickly. The President 
and his people have submitted to us some language that we think, from 
all we can tell, is appropriate. Senator Dodd is agreeing we should 
move forward. I think there is a sense we should do this within the 
next couple of days. This is something that is important.
  With the housing crisis, the main reason we do this is to make sure 
people understand that we have faith in our financial markets. Fannie 
and Freddie, we believe, with the attention being focused on them over 
the weekend and today, have stabilized, and that is the way it should 
be. We are going to try to move forward on this very quickly.

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