PRESS DIGEST - Washington Post Business - April 5

WASHINGTON, April 4 (Reuters) - The Washington Post included the following items on the front page of its business section on Friday. Reuters has not verified these stories and does not vouch for their accuracy.

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The chairman of the Senate Banking Committee, reacting to criticism that a bipartisan housing bill does little for homeowners facing foreclosure, vowed to move quickly on broader legislation that would help troubled borrowers get cheaper mortgages backed by public funds.

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Verizon Wireless, a division of Verizon Communications (VZ.N: Quote, Profile, Research, Stock Buzz), and AT&T (T.N: Quote, Profile, Research, Stock Buzz) said they plan to create faster and more robust networks with a new chunk of radio spectrum they won at a recent federal auction of air waves.

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After decades of budget cuts left the Consumer Product Safety Commission ill-equipped to police a rising tide of imports, the agency has begun to recover because of a cash infusion that allowed it to make some major investments in equipment and hire new port inspectors.

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Major television networks are privately saying that if they have to worry about every time someone utters a profanity on air, they may have to stop real-time broadcasting of live events such as the Academy Awards and Grammys.