Bush Vows Housing Bill Veto
5/9/2008
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WASHINGTON -- The House on Thursday passed a massive homeowner rescue plan to provide cheaper, government-backed mortgages to half a million debt-ridden borrowers and bolster an economy crippled by the housing crisis.
Defying veto threats from President Bush, the House approved the measure by a vote of 266-154, with 39 Republicans -- mostly from areas suffering worst from housing woes -- supporting it. |
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Cleaning Out Citigroup's Closet Asset Sales Could Raise Billions As Bank Seeks to Fill Depleted Coffers
5/9/2008
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Vikram Pandit is doing some serious spring cleaning at Citigroup.
Since becoming chief executive in December, Pandit has been clearing out weak businesses and worrisome assets, often at bargain- basement prices, in an effort to raise capital, streamline the sprawling company and placate restive shareholders. |
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House's Plan to Rescue Homeowners Faces Veto
5/9/2008
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By Julie Hirschfeld Davis
The U.S. House on Thursday passed a massive homeowner rescue plan to provide cheaper, government-backed mortgages to half a million debt-ridden borrowers and bolster an economy crippled by the housing crisis. |
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