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Newt Gingrich pledged to stay in the race for the Republican presidential nod, even as Rick Santorum suspended his campaign on Tuesday. “I am committed to staying in this race all the way to Tampa so that the conservative movement has a real choice,” Gingrich said in a statement released after Santorum’s announcement in Gettysburg, Pa. Gingrich, whose campaign is carrying roughly $4.5 million in debt, immediately began trying to use Santorum’s exit as a fundraising vehicle, adding a banner to the front of his website declaring him the “last conservative standing.” “I humbly ask Senator Santorum’s supporters to visit...

WASHINGTON (Reuters) – The Treasury Department on Friday acknowledged that the number of homeowners in trouble again despite getting help from the administration's signature mortgage aid program was higher than earlier estimates. Treasury officials blamed the error on mortgage finance giant Fannie Mae, which acts as the program administrator for President Barack Obama's $50 billion Home Affordable Modification Program (HAMP), which helps subsidize new terms for borrowers struggling to keep up with their mortgage payments. Treasury said about 4,764 borrowers, who had obtained a permanent HAMP modification, were behind by at least 90 days, while about 53,041 borrowers were behind...

Economics: Europe has been the source of many of America's most beloved fairy tales. Not all are of ancient origin. Take the European Union's insistence five years ago that its economy would leapfrog ours by 2010. The so-called Lisbon Strategy was unveiled with much fanfare. Struck in the Portuguese capital, the deal essentially predicted the EU economy would pass up America's and leave it in the dust. At the time, it sounded reasonable. The EU was adding new members, and the common wisdom was that the U.S., though a big military power, was suffering from what geostrategists like to call...