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Fannie and Freddie bailed out 1:25 Report

Sept. 7 - America's biggest mortgage guarantors - Fannie Mae and Freddie Mac - are temporarily taken over by the U.S. government.

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Jobless claims hit 17-month low

WASHINGTON (Reuters) - The number of U.S. workers filing new applications for jobless benefits fell last week to the lowest level in about 17 months, suggesting the economy might be on the cusp of job creation.

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