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Plummer, the HUD spokesman, said the administration knows "there is more work to do, including Congress needing to pass the President's proposed refinancing proposal.
Word of the refinancing proposal caused prices of RJR bonds to skyrocket on three times normal volume, said Joe Bencivenga, head of high-yield research at Salomon Brothers.
The stimulus measures in the White House's debt proposal stem from President Obama's long-since-scuttled American Jobs Act proposal, and include a continuation of emergency support for long-term unemployed workers, an extension of the payroll tax cut, billions in infrastructure investment and a mortgage refinancing proposal.
In an unusual protest, a union representing scientists and engineers at the State Department of Environmental Conservation is urging the Legislature not to adopt the Pataki administration's state Superfund refinancing proposal, its plan to clean up toxic waste sites across the state.
Obama's refinancing proposal would aid borrowers at the expense of Fannie, Freddie and the taxpayers who support them.
In his jobs plan, Obama also announced he wants to broaden a two-year-old refinancing proposal that helps Americans take advantage of low interest rates.
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The company is weighing refinancing proposals to avoid a forced bankruptcy.
Against the backdrop of Phoenix's reinvigorated housing market, Obama will also tout refinancing proposals that gained little traction on Capitol Hill when he first unveiled them last year.
(The refinance proposal is part of a broader housing bill that would also overhaul laws relating to the two companies and the F.H.A).
"In fully evaluating the competing refinancing proposals, on a range of factors, the board determined that the Centerbridge-Oaktree consortium proposal was in the best interests of the company," Ian Pollard, Billabong's chairman, said in a statement.
While fiscal monitors praised that strict policy, some municipal finance experts said that some refinancing proposals could be good deals over all even if they did not show a savings every year.
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