WASHINGTON -- The House approved new funding for failed savings and loans by a six-vote margin, 214 to 208, setting the stage for enactment of the money bill before the Resolution Trust Corp. loses authority to take on new cases at the end of the month.

The House and Senate are expected to meet in conference to iron out differences between their respective bills. The House appointed conferees after the vote and a spokesman for the Senate Banking Committee said the conference could begin next week.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.