The Bush administration has threatened to veto the Foreclosure Prevention Act of 2008, a second stimulus package containing bond-related housing proposals that is pending in the Senate, calling it "unnecessary, costly, and counterproductive."

In a statement released Tuesday, the administration urged the Senate to vote against the bill, in part because it opposes a controversial bankruptcy provision. Republicans and mortgage lenders are also unhappy with the provision, which housing advocates have said is the bill's Achilles' heel.

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