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Stakes are high as government plans exit from mortgage markets

The wind-down of federal support for mortgage rates, set to end in two months, is a momentous test of whether the Obama administration and the Federal Reserve have succeeded in jump-starting the housing market and ensuring it can hold its own.

By David Cho, Neil Irwin and Dina ElBoghdady

Wal-Mart outsourcing some positions

The retail giant says it will cut about 11,200 jobs at its Sam's Club warehouse division as it outsources in-store product sampling to the marketing company Shopper Events.

By Associated Press

MORE BUSINESS NEWS


Existing-home sales take biggest fall in at least 40 years
Obama rolls out initiatives to help middle-class families
D.C. auto show gets higher profile this year
More Headlines »

ECONOMIC CRISIS HEADLINES


Obama plan to tax large financial firms designed to pay for TARP losses
FDIC pushes to rein in executive pay at banks
Investors focus on bonds despite a big stock rebound
More Headlines »

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