Bush to outline subprime initiative
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President George W. Bush will propose reforms on Friday intended to help homeowners with subprime mortgages avoid default, his first public step to address a crisis that has created turmoil in financial markets around the world.
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President Bush today unveiled a series of measures intended to help ease a wave of mortgage defaults, but he ruled out any federal bailout for lenders or for homeowners who bought properties they could not afford.
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Stocks were poised to leap out of the gate on Friday as investors bet President Bush would unveil a plan to help subprime mortgage borrowers and loosen credit conditions that have dogged financial markets for six weeks.
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President Bush on Friday announced a set of modest proposals to deal with an alarming rise in mortgage defaults that have contributed to turbulent financial markets over recent weeks.
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Stepping up his push to overhaul Social Security by creating private investment accounts, President Bush is dispatching his top officials to help him convince the public and lawmakers that the nation's retirement system needs fixing now.
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President George W. Bush will acknowledge on Monday that a slowing U.S. economy will lead to a higher budget deficit this year and next, as he unveils a $3 trillion fiscal 2009 spending plan that would boost military funding but nearly freeze many domestic programs.
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President Bush on Monday will  propose a $2.5 trillion budget that cuts scores of domestic  programs, from housing to environmental protection, in a bid to  show he is serious about reining in deficits that have  ballooned under his watch.
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Massachusetts officials today are expected to unveil a $250 million fund to help delinquent borrowers of subprime mortgages refinance into more affordable loans to prevent them from losing their homes to foreclosure.
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US President George W Bush is to visit the West Bank for key talks with Palestinian President Mahmoud Abbas.
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H&R Block looks to put its subprime woes behind it.
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Treasury Secretary Henry Paulson will use a speech Monday to defend the Bush Administration's plan to "freeze" mortgage rates for some subprime borrowers and also to call on Congress to pass legislation to head off a housing crisis.
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U.S. banking regulators plan to  issue guidance on the subprime mortgage market as early as  Thursday afternoon, two sources familiar with the matter told  Reuters on Wednesday.
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U.S. banking regulators plan to issue eagerly awaited guidance on the subprime mortgage market as early as Thursday afternoon, two sources familiar with the matter told Reuters on Wednesday.
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President George W. Bush plans to   unveil proposed legislation on Wednesday to set a structure for   conducting trials of foreign terrorism suspects held at   Guantanamo Bay, White House officials said.
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President George W. Bush on Friday will propose a series of steps to address the mortgage crisis after weeks of turmoil in financial markets, the White House said.
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The Bush administration is softening its opposition to proposals to expand government-backed mortgage companies ahead of an expect wave of foreclosures.
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Stocks were higher on Friday on investor hopes that President Bush would unveil a plan to alleviate the subprime mortgage crisis and loosen credit conditions that have rattled financial markets.