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Housing secretary to resign: report

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  • Greg Cannon
    http://news.yahoo.com/s/nm/20080331/bs_nm/usa_economy_housing_dc;_ylt=At1iCf05h1qxYcKC.uaAD_pv24cA Housing secretary to resign: report Mon Mar 31, 3:02 AM ET
    Message 1 of 1 , Mar 31, 2008
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      http://news.yahoo.com/s/nm/20080331/bs_nm/usa_economy_housing_dc;_ylt=At1iCf05h1qxYcKC.uaAD_pv24cA

      Housing secretary to resign: report

      Mon Mar 31, 3:02 AM ET

      WASHINGTON (Reuters) - The U.S. housing secretary will
      resign Monday morning under pressure after accusations
      of improper allocation of federal contracts, the Wall
      Street Journal reported in its Monday edition.

      Housing and Urban Development Secretary Alphonso
      Jackson will step down on Monday morning, the paper
      reported. The department announced late Sunday that
      Jackson will make a statement to the press on Monday
      morning.

      Jackson has faced calls for his resignation after
      lawmakers have said he behaved improperly in awarding
      federal contracts.

      The Federal Housing Administration, overseen by HUD,
      runs the largest government program to aid home buyers
      and is seen by many lawmakers as the key to a federal
      effort to stem foreclosures.

      (Reporting by Patrick Rucker, editing by Tomasz Janowski)
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