Democratic Election Sweep Could Boost Chances For Major Housing, Development Funding In Stimulus Bill

摘要

The sweeping Democratic election victory on November 4 sets the stage for a major economic stimulus bill that could include significant funding for housing and development programs. Democrats have been talking about pumping from $150 billion to as much as $300 billion into the economy to pull the country out of what could be a deep recession. It is unclear, however, whether they will push ahead with a big stimulus package in a post-election lame duck congressional session or wait until next year, when Barack Obama will be in the White House and the Democrats will have expanded majorities in both houses.