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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.

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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.

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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.

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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.

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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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