Bush vetoed a bill protecting doctors from a Medicare pay cut, but both houses of Congress overrode the veto with large bipartisan majorities and made the bill a law.


The House vote was far over the two-thirds needed to overcome a veto, meaning that the president’s criticism of the bill as bloated and wasteful won few, if any, converts.


There are psychological effects of strict enforcement of a mortgage contract, and economists and people in business may need to be reminded of them.


The President has promised to veto the bill because he says it would not do enough to limit subsidies at a time of record grain prices.


The bill, which is expected to win House approval, would expand access to federally insured mortgages for troubled homeowners seeking to refinance their loans.


 
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