PRESS DIGEST - Washington Post - March 19

WASHINGTON, March 19 (Reuters) - Washington Post included the following items on its front page on March 19. Reuters has not verified these stories and does not vouch for their accuracy.

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The Federal Reserve took another aggressive step in its campaign to prevent a deep and devastating recession, cutting a key interest rate by three-quarters of a percentage point. The stock market staged its biggest rally in five years.

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The Federal Reserve Board's rate cut Tuesday increased the chances that months of Fed moves could start to trickle down to homeowners in time to ease the pain when adjustable-rate mortgages reset this year.

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PHILADELPHIA - Sen. Barack Obama delivered a blunt and deeply personal speech about racial division in America as he sought to quell a political controversy stirred by his former pastor that threatens to engulf his presidential candidacy.

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A majority of the Supreme Court indicated a readiness to settle decades of constitutional debate over the meaning of the Second Amendment by declaring that it provides an individual right to own a gun for self-defense.