Chairman Frank: Treasury Closer To Helping Homeowners.

The article reports on the pronouncement of U.S. House Financial Services Committee Chairman Barney Frank for the Department of the Treasury to complete the allocation of some $700 billion financial rescue fund designed to prevent home foreclosures. It cites Frank's clash with Treasury Secretary Henry Paulson over the Bush administration's stance on how to allocate the fund. It also presents Paulson's stand of not making the funds available to domestic automobile manufacturers.