February 2009
Las Vegas Business Press (10712186);2/23/2009, Vol. 26 Issue 8, pP15
This section offers news briefs on the business sector in the U.S. President Barack Obama has committed $275 billion to a program that will reduce mortgage payments to homeowners and expand the role of Fannie Mae and Freddie Mac in dealing with record foreclosures. White House Press Secretary Robert Gibbs states the incapacity of the Obama administration to rule out restructuring through bankruptcy for struggling automakers. The fewest houses on record, which is attributed to lack of credit and declining sales, has broken ground in January 2009.


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