Fed Chairman Ben Bernanke gave an economic report to Congress. And President Bush urged approval of a plan to save the country's two biggest mortgage finance companies. Transcript of radio broadcast: 18 July 2008 This is IN THE NEWS in VOA Special E...
The U.S. government says it will not take charge of the nation's two largest mortgage finance firms as their stock prices plunge in further signs of trouble for America's housing market. VOA White House Correspondent Scott Stearns has the story. Ene...