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Obama Plans $3 Billion Aid Package For Unemployed Homeowners Facing Foreclosure

Obama Plans $3 Billion Aid Package For Unemployed Homeowners Facing Foreclosure

The Obama administration is providing $3 billion to unemployed homeowners facing foreclosure in the nation's toughest job markets.

The Treasury Department says it will send $2 billion to 17 states that have unemployment rates higher than the national average for a year. They will use the money for programs to aid unemployed homeowners. Some of those states have already designed such programs.

 

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