Homeowner rescue awaits President Bush’s signature (AP)

Sen. Kay Bailey Hutchison, R-Texas, speaks at a news conference on Capitol Hill with fellow Republican Senators Minority Leader Mitch McConnell, Sen. John Cornyn, R-Texas, and Sen. Jon Kyl, R-Ariz., following passage of a housing bill by the Senate Saturday, July 26, 2008, in Washington. Congress passed the most significant housing legislation in decades Saturday, offering help to struggling homeowners and seeking to stabilize a troubled housing market that has dragged down the economy. (AP Photo/Brendan Hoffman)AP - Congress approved mortgage relief for 400,000 struggling homeowners Saturday as part of an election-year housing plan that also aims to calm jittery financial markets and bolster the sagging economy. President Bush said he would sign it promptly, despite reservations.