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Mortgage woes break records again in 4Q

 NEW YORK (AP) — An industry survey shows a record 5.4 million American homeowners with a mortgage, or nearly 12 percent, were either behind on their payments or in foreclosure at the end of last year.


Wall Street bounces a day after after massive drop

 NEW YORK (AP) — Wall Street is higher after a massive sell-off and as Federal Reserve Chairman Ben Bernanke says the timing and strength of an economic rebound depends on the government's success in propping up financial markets.


Deteriorating economy cuts off oil market rally; crude falls $4.61 to settle at $40.15

SIOUX FALLS, S.D. (AP) — Oil prices plummeted more than 10 percent Monday with little to suggest energy demand will recover in the deteriorating global economy.


Obama taps Kan. Gov. Sebelius federal health and human services chief

WASHINGTON (AP) — President Barack Obama turned to Kansas Gov.  Monday to help him overhaul a health care system whose cost has risen four times as fast as people's wages in recent years.


Consumer spending rises in January after six straight declines, but it's unlikely to last

WASHINGTON (AP) — Consumer spending rose in January after falling for a record six straight months, pushed higher by purchases of food and other nondurable items. But the increase is expected to be fleeting given all the problems facing the economy.

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