President Bush is expected to sign an economic stimulus package passed by Congress at the end of last week. The House ended up passing the Senate version of the economic stimulus package, which left out some of the incentives originally included in the bill. While the tax rebate news is among the main concern for many Americans, the Taipei Times reports on another provision, expanding mortgage loan financing, will affect others:

It also expands financing opportunities in the housing market by
allowing Fannie Mae and Freddie Mac, two mortgage finance companies, to
purchase or guarantee mortgages larger than US$417,000 up to US$729,750.

This "quick fix" for the economy is unlikely to to a great deal in the long run, and with many Americans concerned about debt and a coming US recession, economic stimulus is likely to be minimal as the tax rebate is saved, or used to pay down debt.