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The Wire

Volcker says US markets need more supervision

While massive government intervention has contained the nation's economic crisis, structural reform and increased oversight of financial markets are necessary to avoid a repeat of the "Great Recession," former Federal Reserve Chairman Paul Volcker said Friday.

Obama: Help coming for those facing economic pain

President Barack Obama on Friday acknowledged that many families are suffering "incredible pain" from the economy but said his government is on a daily campaign to get credit flowing and build a long-term recovery.

Obama reassures nervous nation on ailing economy

President-elect Barack Obama sought to reassure the nation and nervous holiday shoppers about the ailing economy Wednesday as beleaguered stores braced for their most important month of the year.

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