U.S. Sets Rules for Mortgage Modifications, 2% Rates (Update2) Bloomberg Wed, 04 Mar 2009 09:14 AM PST March 4 (Bloomberg) -- The Obama administration set loan modification guidelines for its $75 billion homeowner rescue plan, agreeing to pay lenders for altering troubled mortgages while reducing borrowersâ interest rates to as low as 2 percent. | Lucas Criticizes Ending Direct Payments to Farmers AG Weekly Wed, 04 Mar 2009 09:12 AM PST WASHINGTON - Today, Ranking Member Frank Lucas sent a letter to the Secretary of Agriculture, Tom Vilsack, expressing great concern about the Obama administrationâs position on eliminating direct payments to producers. | World stocks rally from multi-year lows AP via Yahoo! Finance Wed, 04 Mar 2009 09:12 AM PST World stock markets rallied strongly Wednesday -- many from multiyear lows -- after the Obama administration launched its program to help up to 9 million borrowers stay in their homes and investors hoped an expected Chinese stimulus package could limit the recession in the industrialized world. | Obama administration launches housing plan The Oregonian Wed, 04 Mar 2009 09:11 AM PST WASHINGTON -- The Obama administration kicked off a new program today that's designed to help up to 9 million borrowers stay in their homes through refinanced mortgages or loans that are modified to lower monthly payments.... | Obama seeks major change in federal contracting AP via Yahoo! Finance Wed, 04 Mar 2009 09:11 AM PST President Barack Obama on Wednesday ordered an overhaul of the way the U.S. government awards contracts for private sector work, reversing a Bush administration policy that in some cases led to federal investigations of procurement practices and no-bid contracts. | Obama defends economic plan The Durango Herald Wed, 04 Mar 2009 09:11 AM PST WASHINGTON - Trying to pump up the nation's confidence, President Barack Obama said Tuesday that Wall Street has been hammered so hard that "buying stocks is a potentially good deal," and he dispatched top aides to Capitol Hill to defend his plans for pulling the economy out of its recession. | Live TV NDTV Wed, 04 Mar 2009 09:10 AM PST Get the NDTV.com video widget. Watch NDTV videos on demand. Plus: live TV news Amitabh Chaudhry, CEO and MD of Infosys BPO does not feel Obama's move will impact outsourcing. | | |
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