PRESS DIGEST - Washington Post Business - June 26

WASHINGTON, June 26 (Reuters) - The Washington Post included the following items on the front page of its business section on June 26.

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A Republican senator from Nevada on Wednesday blocked an ambitious plan to help troubled borrowers save their homes, saying he will not permit the measure to go forward unless the Senate adds tax breaks to encourage the production of renewable energy.

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In a sign of continuing trouble in the housing market, mortgage delinquency rates doubled over a 12-month period at Fannie Mae and Freddie Mac, the two industry giants reported.

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The Federal Reserve left a key interest rate unchanged on Wednesday, ending a long campaign of interest rate cuts, as the central bank indicated that it was increasingly worried about inflation.

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New York's top court upheld a lower court ruling that tossed out four of the state's legal claims challenging the nearly $190 million compensation package of former New York Stock Exchange chairman Dick Grasso.

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