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As foreclosure casualties mount, the Obama administration is expected to announce additional steps on Monday to get long-term help for troubled borrowers.
Federal Reserve Chairman Ben Bernanke, just days ahead of his confirmation hearing, is warning Congress that actions limiting the central bank's independence could prove detrimental to the causes of financial reform and economic recovery.
The dollar gained ground against major rivals Friday as investors cut exposure to risky assets and high-yield currencies after Dubai's state-owned finance arm sought to suspend debt repayments.
Black Friday was slow and steady for Main Street retailers, a sharp contrast from the door-busting stampede of bargain hunters that rush Wal-Marts and Best Buys across the nation.
The news that the sovereign wealth fund of Dubai requested a postponement of billions of dollars of debt this week could pose a big problem for U.S. banks.
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With sales slow and credit tight, small merchants are scrambling to stock their shelves for the year's biggest shopping season.
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