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New Terms Set For Fannie And Freddie

The Treasury Department Friday changed the terms of its bailout agreement with Fannie Mae and Freddie Mac. The mortgage giants often had to pay the government back more in interest than it earned in profits, a system at odds with the goal of eventually dismantling the companies. The move appears aimed at calming financial markets.
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Vacation Politics

With so many people on vacation, Washington often feels like a ghost town in August. But American workers enjoy far less downtime than their counterparts around the world.

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Virginia Lottery Winning Big

The Virginia Lottery is feeling lucky, as the state-run gambling system is posting record profits.

NPR

Low Mortgage Rates Boost 'Serial Refinancers'

Refinancing is not available to everyone. But those who can refinance switch from adjustable- to fixed-rate mortgages, locking money in at rates their parents in the 1980s never dreamed of. Many shave a couple of hundred dollars off their monthly mortgage payment; some get an even bigger windfall.
NPR

What's In Your Wallet? Wait, You Don't Need One

A growing number of companies hope more consumers will soon be making purchases with mobile phones. More retailers are also using technology that turns devices like tablets into cash registers.

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