In other news from Capitol Hill, Congress passed legislation, long sought by credit-card issuers and championed by President Bush, to force some consumers to pay part of their debts in bankruptcy. The bill represents the most comprehensive overhaul of U.S. bankruptcy laws in 25 years. The measure is Bush’s second legislative victory this year in his drive to end what he calls frivolous court cases that sap economic growth.
Bush Bankruptcy Bill Passes
HeadlineApr 15, 2005