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The Obama administration said Wednesday it is extending the $700 billion financial bailout program until October, setting up a struggle between Democrats who favor using some of the leftover money to help generate jobs and Republicans who say it should be... Democratic - Republican - Presidency of Barack Obama - United States - Barack Obama
Only about 10,000 homeowners received permanent loan modifications this fall under the Obama administration's mortgage relief plan, more evidence of serious failings in the government's effort to stem the foreclosure crisis.
Only about 10,000 homeowners received permanent loan modifications this fall under the Obama administration's mortgage relief plan, harsh proof of the continuing woes for the government's effort to stem the foreclosure crisis, a watchdog report said Wednesday.
The Treasury Department will be giving the public more data about tax returns, bailout transactions and bank supervision as part of an Obama administration push to improve government transparency.
Guidelines follow complaints involving restructured mortgages meant to keep homeowners from foreclosure The Obama administration has announced a renewed push to get mortgage companies to convert hundreds of thousands of temporarily restructured home loans into permanent ones by the end of the year to help keep struggling homeowners from falling into foreclosure.
High-ranking Obama administration officials are coming to Louisiana and Mississippi to explore the needs and possibilities of restoring and protecting the states' coasts.
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The top U.S. environmental official told a divided U.N. climate conference Wednesday that the Obama administration's moves to "make up for lost time" and cut greenhouse gases would complement congressional action and wasn't intended to bypass recalcitrant lawmakers.
An Obama administration official says some Transportation Security Administration employees have been placed on administrative leave after it was discovered that sensitive guidelines about airport passenger screening were posted on the Internet.
Treasury Secretary Timothy F. Geithner told lawmakers Wednesday that the Obama administration will extend the government's $700 billion financial bailout package until next October, and he pledged to withhold $150 billion of the funds to reduce the nation's massive debt projections.
The Obama administration has decided not to support a global monitoring system for biological weapons, a move that affirms an earlier determination by the Bush administration but that will disappoint some nonproliferation experts.
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