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The U.S. economy "has turned down sharply" according to U.S. Treasury Secretary Henry Paulson, speaking to the Council of Institutional Investors in Washington, D.C. on Thursday morning. He said the greatest risk to the economy was the housing sector. However, Paulson noted some positive developments...
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An administration official stated on Tuesday that the White House was involved in discussions with mortgage industry officials about expanding the current interest rate freeze program announced shortly before Christmas to other at risk borrowers. Secretary of the Treasury Henry Paulson, in an interview...