Bush Still Says FHA and GSE Reforms Necessary.

The President said at the close of his opening remarks at his press conference today

"Congress should move ahead with responsible legislation to modernize the Federal Housing Administration and Fannie Mae and Freddie Mac. By taking these steps we can help struggling homeowners and help our economy weather the difficult time in the housing market."

This immediately followed a veto threat to the bankruptcy legislation being discussed in the Senate.

Full press conference transcript is available HERE.