President Barack Obama says one of the heaviest drags on the nation's economic recovery is getting lighter, as the housing picture improves.
In his weekly address, Obama blamed Republicans for holding up homeowner relief.
Obama said the plan he sent Congress in February would give responsible homeowners a chance to save thousands of dollars by refinancing their mortgages, but he claimed congressional Republicans stood in the way of the bill.
"They banded together and prevented millions of Americans, including many of you listening today, from saving $3,000 a year. That's money that could have gone back into the value of your home, or your kid's college savings account," Obama said. "That's money that could have gone into your local businesses, so they could hire and create more jobs in your town."
The president said he knows Congress is not likely to act on the plan before the election, but he urged Americans to contact their representatives to ask for help.
Meanwhile, in their weekly address, Republicans blasted Obama for what they say is out of control federal spending.
Arizona Congressman Jeff Flake said the budget deficit stands at $1.1 trillion, making it the fourth year in a row government has spent more money than it earned.
He said Democrats are sitting back while Americans continue to struggle.
"While House Republicans have passed a budget that addresses our challenges head on, Democrats in the Senate have failed to even attempt to do their homework. They have not passed a budget in over 1,200 days," Flake said.
Flake said Obama wants to spend another $500 billion on legislation that will not fix the problem.
He hoped the "recess from fiscal sanity" is over.