New York Times: "On the eve of a House floor debate on a plan to help homeowners in danger of foreclosure, the Bush administration said on Tuesday that it opposed the measure and that White House advisers would urge the president to veto it."
In WSJ, Treasury Secretary Henry Paulson says of the credit crisis: "the worst is likely to be behind us."
Washington Post: "Treasury officials met with about 10 leading mortgage firms yesterday to figure out why they have not helped more distressed homeowners, pressing the lenders to do better."
Bloomberg, via Calculated Risk: "Federal Reserve Bank of Kansas City President Thomas Hoenig said today 'serious' inflation pressures may compel the central bank to raise interest rates."
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