The Delaware Gazette

Obama seeks to broaden reach of housing assistance

DG276689_web_020212_obama_clr

FALLS CHURCH, Va. — Con­ced­ing his ear­lier hous­ing pro­grams have fallen short, Pres­i­dent Barack Obama on Wednes­day pro­posed a vast expan­sion of gov­ern­ment assis­tance to home­own­ers, aim­ing to make lower lend­ing rates a pos­si­bil­ity for mil­lions of bor­row­ers who have not been able to get out from under bur­den­some mortgages.

Deal would have little impact on economy till ‘14

WASHINGTON (AP) — The deal reached by Con­gress to raise the debt ceil­ing and cut more than $2 tril­lion in pub­lic spend­ing should have only a minor impact on the econ­omy for the next two years.

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