The Obama administration is considering an overhaul of mortgage giants Fannie Mae and Freddie Mac that would strip billions in bad loans and create a new home-loan organization, according to the Washington Post.
Senators have reached a deal on saving the dwindling "cash for clunkers" program, agreeing to vote Thursday on adding $2 billion to the popular rebate plan.
Charles Manson follower convicted of attempting to assassinate President Gerald Ford is set to be released from a Texas federal prison later this month after serving more than 30 years behind bars.
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