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Mortgage Help to revive the US Economy

As the US government has approved the $700 billion financial rescue package (TARP) for reviving the battered economy of the country, the senators are now contemplating on the ways to utilize the fund for achieving the objective. While the President-elect Barack Obama has showed his interest in utilizing the fund for investment in infrastructure projects, tax reduction, expansion in the use of renewable energy and for helping states pay for Medicaid, the lawmakers are demanding more. There are concern for the people who are at the risk of foreclosure and also for extending the housing market as a whole. On the issue of foreclosure prevention, Obama has assured the concerned families that he will take measures within a month or two to keep them in their homes.

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