Industry NewsMarkets & Economy

Obama, Dems ready to move on housing

Goals: Boost lending, prevent foreclosures
Published on Jan 20, 2009

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by CareyBot

Barack Obama will be sworn in today as the nation's 44th president with a green light from Congress to unleash the second half of the $700 billion Troubled Asset Relief Program and legislation providing an additional $825 billion jolt to the economy on tap.

Before Obama took the oath of office, lawmakers had introduced a slew of measures in the new year aimed at spurring home purchases and preventing foreclosures.

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