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Saturday, March 12, 2011

House Votes to Kill Mortgage Aid Program

The House voted Friday to end a program designed to give federal loans to homeowners who can't make mortgage payments because they've lost their jobs or become ill.It was the second time in two days that the House has voted to end aid for struggling homeowners, an effort that has spurred a partisan fight over how to balance frugality and compassion at a time of massive federal deficits.The White House has threatened to veto the bill should it reach President Barack Obama's desk, saying the program would help keep people in their homes.

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