Obama pushes housing plan to expand loan refinancings
President Obama urges Congress to pass a plan to let more homeowners refinance at lower rates via a new FHA backed program funded by a bank levy. The proposal forecasts 3.5 million refinancings, costs 5 to 10 billion, and seeks public pressure to overcome GOP resistance.
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Obama urges Security Council to back Syria resolution
President Obama urged the Security Council to act as a credible human rights advocate amid escalating violence in Syria. He condemned Assad for killings in Homs and vowed U.S. support for the Syrian people as the council voted on a draft resolution backing the Arab League call for Assad to step down, a move blocked by Russia and China. The U.N. had tallied over 5,400 deaths since March, with hundreds more since.
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