Senate Democratic leaders want to pass an Federal Deposit Insurance Corp. (FDIC)/housing bill on Tuesday but first they have to wade through a number of amendments including one that would require a temporary shutdown of the Federal Housing Administration (FHA) single-family program if it is headed toward insolvency.

The sponsor of the FHA amendment, Sen. David Vitter, R-La., says there are signs that FHA is a "ticking time bomb" and the government should be "very cautious" about expanding the FHA program.

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