1 hour, 4 minutes ago WASHINGTON (AFP) - US Treasury Secretary Henry Paulson said Wednesday that the US economy was enduring "a rough period" and warned that home foreclosures would likely remain high in the near future.The US Treasury chief said soaring crude oil prices, a widespread credit crunch and a two-year long housing market slump had taken some of the wind out of the sails of the US economy.
"The US economy is going through a rough period. US foreclosures will remain elevated and we should not be surprised at continued reports of falling home prices," Paulson warned during a speech in London.
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