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Obama on assault weapons, House debate on freezing federal regulations, mortgage rates fall to new record low, and the drought
In New Orleans President Obama speaks out against assault weapons, backing down through Jay Carney a day later. On Capitol Hill a spirited House debate on freezing federal regulations before the passing of a tax cut bill. U.S. mortgage rates fell to a new record low yesterday. And drought covering two-thirds of the U.S. to affect retail food prices.