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Fannie, Freddie Regulator Holds Firm Against Mortgage Write-Downs

A federal regulator is blocking the government-owned mortgage giants Fannie Mae and Freddie Mac from reducing the principal that homeowners owe on their mortgages in order to avoid foreclosures.

Obama And Bush's Shared First-Term Obsession: Battleground States

A political scientist observes that President Obama and his immediate White House predecessor, George W. Bush, spent a disproportionate amount of their first terms visiting battleground states.

Romney Tries To Shape Distinct Iran Policy

The Republican presidential candidate says America's national security priority should be preventing Iran from acquiring a nuclear weapon, a point he made directly during a weekend stop in Israel. But analysts say Mitt Romney's policy descriptions sound much like those of President Obama.

Phelps Sets New Olympic Record With 19 Medals; America's Schmitt Wins Gold

The U.S. men's swimming team has won the 4x200m freestyle relay, in a race that also gave Michael Phelps a record 19 medals in the Olympics. He netted his 18th, a silver, earlier in the day. Also netting a gold was American Allison Schmitt, who won the women's 200m freestyle.

America's 'Most Polluted' Lake Finally Comes Clean

A one-two punch of municipal waste and industrial dumping gave Onondaga Lake in Syracuse, N.Y., the reputation as one of the most polluted lakes in America. But after years of cleanup efforts, the lake has undergone a transformation, and now the final phase of its cleanup is set to begin.

Deal Struck To Avoid Possibility Of Government Shutdown In October

Republican and Democratic leaders have agreed on a plan to fund the government for the first six months of fiscal 2013. Still left to debate: whether to extend the so-called Bush tax cuts and looming, deep automatic cuts in some spending.

U.S. Women's Gymnastics Team Wins Gold Medal; First In 16 Years

The U.S. women's gymnastics team has won the team gold medal at the London 2012 Olympics, handily beating Russia, which took silver, and Romania, which took bronze. China finished fourth.