The White House says President George W Bush has ended opposition to a housing bill, which could boost the US economy.
The change of heart comes despite his objection to a provision for $3.9bn (Ј1.95bn) in community grants to buy up and repair foreclosed President Bush wraps up Britain farewell tour ...
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The bill means the government could help struggling homeowners get new, cheaper loans.
It would also be allowed to propose cash injections for troubled mortgage giants Fannie Mae and Freddie Mac.
Many congressional Republicans are angry about the housing legislation, which they say bails out irresponsible homeowners and unscrupulous lenders.
"The positive aspects of the bill are needed now to increase confidence and stability in the housing and financial markets," White House spokeswoman Dana Perino said.
The legislation was scheduled to come to a vote in the US House of Representatives on Wednesday.
If approved, it would then go to the Senate for final passage.
(BBC)
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