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The directive of President Donald Trump for government-backed-mortgage giants Fannie Mae and Freddie Mac to buy $200 billion worth of mortgage securities would seemingly spell the end to the idea that the giants would go public again in massive initial public offerings.
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China built a dominant strategic position in the region as the leading lender and trading partner. It is watching President Trump's next moves closely.
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Mike Wirth has built a massive advantage for the only US oil company on the ground in the Caribbean nation
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J&J strikes deal with US government to cut drug prices, gain tariff exemptions ReutersJ&J strikes deal with U.S. government to cut drug prices, gain tariff exemptions CNBCTrump has announced deals with drugmakers to cut costs. Will they save people money? NBC News
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How an Abrupt Call Between Trump and Colombia's President Averted a Crisis The New York TimesColombia sees 'real threat' of US military action, president tells BBC BBCTrump invites Colombian president to White House after threatening his country with military strike NPRIn turnaround from earlier threats, Trump invites Colombia's leader to the White House PBSMapped: The countries Trump is threatening — and why Axios
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Iran's supreme leader says protesters are ‘ruining their own streets' to please Trump AP NewsLive updates: Anti-government protests spread in Iran as authorities cut communications CNNIran's supreme leader signals harsher crackdown as protest movement swells The GuardianIran's leader accuses protesters of acting for Trump CNBC
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Freddie and Fannie have been growing their mortgage bond holdings in recent months, but the 30-year fixed mortgage is still above 6%.
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The move, a bid to make homes more affordable, would be a back-to-future moment for the two mortgage firms. Buying risky mortgage bonds helped push them to near-bankruptcy in 2008.
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5 blue states sue Trump admin over $10 billion child care funding freeze AxiosHealth Dept. Freezes $10 Billion in Funding to 5 Democratic States The New York TimesCalifornia AG announces lawsuit over frozen family assistance funds KCRA5 states sue Trump administration for freezing social services funding CBS News
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Trump instructs 'representatives' to buy $200 billion in mortgage bonds, aiming to lower rates CNBCTrump Calls on Fannie and Freddie to Buy $200 Billion in Mortgage Bonds The Wall Street JournalTrump wants to buy $200B in mortgage bonds to lower housing costs AxiosTrump announces $200B bond purchase in bid to lower mortgage rates PoliticoMortgage Bonds, Home Lenders Jump as Trump Targets Housing Costs
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The monthly trade deficit continued to shrink in October after President Trump imposed sweeping tariffs on imports, the latest data showed.
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