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Bush Threatens Vetoes Save Email Print
WASHINGTON (AP)
Posted: 6:00 AM May 9, 2008
Last Updated: 6:03 PM May 8, 2008
Reporter: ANDREW TAYLOR and JULIE HIRSCHFELD DAVIS - Associated Press Writers

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The White House again says President Bush will veto rival House and Senate Iraq funding bills, even after Democrats made spending concessions designed to win the president's signature.

White House budget office director Jim Nussle said Thursday that a plan by House Democratic leaders to send Bush a bill without domestic appropriations that would bust his $108 billion request still wouldn't satisfy the president.

Nussle says Democrats' plan to add legislation extending unemployment benefits and boosting veterans education benefits under the GI Bill would not win Bush's signature. Trying to jam the politically popular veterans and unemployment benefit programs past the president is a cynical exercise, and Bush has made it clear he'll veto it, Nussle said.

The House has also passed a housing aid plan to provide $300 billion in refinanced mortgages for struggling homeowners. President Bush says he'll veto the bill. It passed 266-154 with support from 39 Republicans.

The measure would let debt-ridden homeowners refinance into fixed-rate, government-backed mortgages they could afford. Congressional analysts say it could help as many as 500,000 borrowers and cost $2.7 billion over the next five years.

The White House calls it a burdensome bailout that would open taxpayers to inappropriate risk and reward those who helped cause the housing crisis.

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