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Obama expected to announce foreclosure plan

 
Economist Peter Morici said $50 billion to $100 billion won't be enough to solve the mortgage crisis. (CNN) — President Obama on Wednesday will visit Phoenix, Arizona, one of the cities hardest hit with foreclosures, where he's expected to outline a $50 billion to $100 billion plan to help homeowners. Though administration officials are tight-lipped about details, [...] (link)

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