Obama promises lower mortgage costs, new loans (AP)

President Barack Obama (R) meets with Treasury Secretary Timothy Geithner in the Oval Office at the White House in Washington, January 29, 2009. (Jim Young/Reuters)AP – President Barack Obama on Saturday promised to lower mortgage costs, offer job-creating loans for small businesses, get credit flowing and rein in free-spending executives as he readies a new road map for spending billions from the second installment of the financial rescue plan.

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