Monday, March 31, 2008

HUD Secretary Expected to Bail.

WSJ:

WASHINGTON -- Housing and Urban Development Secretary Alphonso Jackson is expected to announce his resignation Monday, according to people familiar with the matter, a decision that will deal a blow to the Bush administration's efforts to tackle the housing crisis.

The exact reasons for Mr. Jackson's decision couldn't be learned. Earlier this month, two Democratic senators, Patty Murray of Washington and Christopher Dodd of Connecticut, sent a letter to President Bush urging him to request Mr. Jackson's resignation, arguing that accusations of wrongdoing had made him ineffective.

Look forward to the House committee to call a hearing on Jackson and the HUD contracts in the Katrina matter.

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