December 3, 2007

Paulson says mortgage plan to be ready this week (Reuters)

Treasury Secretary Henry Paulson pauses during remarks at a national housing summit held by the Office of Thrift Supervision in Washington, December 3, 2007. (Jonathan Ernst/Reuters)Reuters – U.S. Treasury Secretary Henry
Paulson said on Monday he hoped a plan to spare homeowners
facing mortgage-rate spikes would be ready by week's end and
expressed faith the economy would dodge recession despite the
deep housing slump.

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