|
Home
Page
Senate Panel Approves Bush's HUD Nominee
By GENARO C. ARMAS, Associated
Press Writer
WASHINGTON - A Senate
panel on Tuesday approved President Bush (news - web sites)'s
choice to lead the Housing and Urban Development Department, a
week after the agency withdrew a mortgage proposal that rankled
a key Republican.
The Senate Banking, Housing and Urban Affairs Committee
voted unanimously to elevate Alphonso Jackson to HUD secretary.
He has served as the agency's top deputy the past three years.
His nomination now goes to the full Senate, where it is expected
to receive approval.
Jackson, a Bush friend who has led public housing agencies in
Dallas, Washington and St. Louis, has served as acting secretary
since Mel Martinez stepped down Dec. 9 to run for a Senate seat
in Florida. Bush tapped Jackson to take over the job permanently
three days later.
But Jackson's confirmation came into question last month after
Sen. Wayne Allard, R-Colo., criticized a HUD proposal that the
agency said could save consumers hundreds of dollars on mortgage
closing costs.
Allard, who chairs the Senate housing subcommittee, told Jackson
he could not support his nomination because Congress and industry
groups did not have enough time to review the planned changes
to the Real Estate Settlement Procedures Act.
The Federal Trade Commission also questioned whether the plan
would save money for home buyers, and industry critics said the
proposal could have the effect of hiding fees from consumers.
Jackson withdrew the proposal last week, saying more time was
needed "to refine and reevaluate it." He denied the
move was an attempt to appease Allard.
HUD says the proposal will be resubmitted to the Office of Management
and Budget for approval, but has offered no timetable.
"I commend Mr. Jackson for this action," Allard said
Tuesday. "In light of this evidence to follow Congress' intent,
I am happy to announce that I support Mr. Jackson's nomination."
Jackson, in a statement, thanked the committee. "I am honored
by their vote today and by the confidence President Bush showed
in me through his nomination," he said.
Bush and Jackson once lived in the same neighborhood in Dallas,
and the two men often play golf together.
Before being confirmed in June 2001 to be HUD deputy secretary,
Jackson was Texas president of American Electric Power, an energy
and utility company based in Columbus, Ohio.
More News:
3-30-04
Fear of lurking inflation raises rate questions
3-30-04
Bernanke says too low inflation can hurt economy
3-30-04
Gasoline Prices Sting Chain Store Sales
3-30-04
Guynn: Fed Rates Must Go Back to Neutral
3-30-04
High-tech outsourcing led to US job gains of 90,000 in 2003
3-30-04
IRS going after 'alarming' cheaters
3-30-04
Jobs data looms over confidence
3-30-04
5 NYSE Firms to Pay to Settle SEC Charges
3-30-04
IRS nominee: Amount of unpaid US taxes unclear
3-30-04
Treasury Secretary John Snow says outsourcing can help economy
3-30-04
U.S. consumer confidence up for 2nd week
3-30-04
US lenders urge federal law on abusive lending
3-30-04
U.S. March Consumer Confidence Edges Lower
3-30-04
US Treasuries turn flat, mortgage-related sales cited
Financial
News
|