Deficit Talks Not Good for Housing

Sen. Tom Coburn’s decision to withdraw from talks by the “Gang of Six” does not bode well for advocates hoping to stall cuts to federal housing programs. Coburn was part of a group of senators hoping to reach bipartisan agreement on a deficit reduction plan that could win broad congressional approval. Coburn’s decision to remove himself from those discussions makes reaching an agreement harder. As a result, the politics of deficit reduction will overshadow any substantive discussion that could occur.President Barack Obama’s decision not to accept the recommendations of the deficit commission he empaneled as the starting point for these discussions has led to a more complicated, highly political process leaving Federal programs ripe for attacks....

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