Politics | George W. Bush Bush Will Veto Dems' Housing Bill $15B measure would 'reward speculators and lenders': President By Sam Gale Rosen Posted May 7, 2008 2:27 PM CDT Copied President Bush makes a statement, Wednesday, May 7, 2008, after he met with the House Republican Conference in the East Room, of the White House. (AP Photo/Ron Edmonds) President Bush said today that he would veto the Democratic housing bill being worked on in the House of Representatives. Bush claims the bill would unfairly bail out "speculators and lenders," the Washington Post reports. "I will veto the bill that's moving through the House today if it makes it to my desk," he promised. "I urge members on both sides of the aisle to focus on a good piece of legislation that is being sponsored by Republican members," Bush said after meeting with congressional GOP leaders. Rep. Barney Frank and Sen. Chris Dodd, both Democrats, have been taking the lead on pushing the current plan through Congress. Read These Next Venezuela responds to the US seizure of an oil tanker. Hours after Michigan fired its football coach, he was in jail. Another big brand delivers an AI-driven holiday dud. Comedian Andy Dick found unconscious in a disturbing scene. Report an error