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Mayors Urge Federal Aid on Home Foreclosures

HeadlineJan 24, 2008

Meanwhile, the nation’s mayors have launched a new appeal for federal aid to deal with the home foreclosure crisis. More than 250 mayors are gathered in Washington, D.C. for the United States Conference of Mayors. Conference president, Mayor Douglas Palmer of Trenton, New Jersey, called the rise in foreclosures an “economic tsunami” in need of immediate attention.

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