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BofA halts foreclosures in 50 states

A mushrooming crisis over potential flaws in foreclosure documents is threatening to throw the real estate industry into chaos, as Bank of America on Friday became the first bank to stop taking back tens of thousands of foreclosed homes in all 50 states.

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$137M from stimulus aids 3 Ariz. projects (access required)

The White House has released a report praising 100 projects across the nation - including three in Arizona - that were made possible by the American Recovery and Reinvestment Act to help boost the economy and create or sustain jobs.

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Arizona stimulus funds largely unspent

Many deadlines to use stimulus money fall in 2012. That means the next 18 months offer some guaranteed work for construction crews, lower energy bills for some homeowners and perhaps even a benefit for taxpayers as government buildings become more efficient.

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It’s still the economy (access required)

The figures paint a grim picture: Arizona’s jobless rate stands at 9.7 percent, revenues have come in below forecast, the state’s budget deficit could reach $700 million in the current fiscal year. And now the U.S. Census puts the number ...

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