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  • A U.S. government plan to restore confidence in Fannie Mae and Freddie Mac would temporarily raise the Treasury Department's credit line to the two mortgage financiers. The idea is to shore up the companies' finances and keep money flowing to the mortgage market. What does this mean for mortgage holders and taxpayers?
  • Homeowners might think of Fannie Mae and Freddie Mac as just the big dogs of the mortgage business, but in Washington, D.C., they're known as big players in lobbying. The two companies managed to stave off government regulation for years by lobbying hard — and spending generously.
  • Chairman Ben Bernanke told Congress on Tuesday that stabilizing the financial markets is a top priority for the Federal Reserve as a weak housing market, tight credit and rising oil prices threaten the U.S. economy.
  • Two proponents of the plan to prop up Fannie Mae and Freddie Mac — Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson — testify before Congress on Tuesday to compel Congress to take action. Meantime, despite government assurances, stocks are plunging in the finance sector.
  • Ministries raise millions of dollars with little oversight. One Senate lawmaker wonders whether the lavish lifestyles of the ministers violate the churches' tax-exempt status. Six megachurches have been asked to respond by Dec. 6 to questions about their spending.
  • The High Court hears arguments Wednesday regarding whether detainees held at Guantanamo Bay, Cuba, can challenge their imprisonment in federal court. The detainees claim the constitutionally guaranteed procedure called a writ of habeas corpus allows them a chance to rebut charges against them in front of a neutral judge.
  • Venezuelan President Hugo Chavez has suffered a startling defeat in a referendum that would have greatly enhanced his power, including ending presidential term limits. Voters rejected the referendum, 51 percent to 49 percent. Opponents said the country was hurtling toward dictatorship.
  • The day before the Thanksgiving holiday is among the busiest travel days of the year in the U.S. According to AAA, some 39 million Americans are due to travel at least 50 miles. Many will be in crowded airports where flights are bound to be either delayed or cancelled.
  • Deputy Director of National Intelligence Donald Kerr tells the House Permanent Select Committee on Intelligence that even though Iran froze weapons development in 2003, the country still retains key nuclear capabilities and also likely still wants the ability to make nuclear weapons.
  • A new National Intelligence Estimate on Iran concludes that the country's efforts to build a nuclear weapon had ceased back in 2003. The report is a stark contrast to the dire warnings issued from the Bush administration about a nuclear threat posed by Iran.
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