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U.S. News & World Report - In a rare show of speed suggesting the urgency of the nation's housing crisis, top Senate leaders announced Tuesday that Democrats and Republicans will try to hammer out a deal, perhaps by noon Wednesday, to offer relief to homeowners facing foreclosure. Acting on the first full day of business after a two-week recess, Senate Majority Leader Harry Reid, a Nevada Democrat, held a rare joint press conference with Minority Leader Mitch McConnell, a Kentucky Republican, to announce a breakthrough in talks. "This is serious business," Reid told reporters. ...
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