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Nearly a third of U.S. homeowners have been stuck with houses worth less than they paid and ended up over their heads in debt with mortgages that borrowers often could not refinance because they had no equity. Studies show that recessions resulting from major financial collapses, such as the monumental housing bust and banking crisis of October 2008, usually have slow and difficult recoveries.
Photo by: Tony Dejak
Nearly a third of U.S. homeowners have been stuck with houses worth less than they paid and ended up over their heads in debt with mortgages that borrowers often could not refinance because they had no equity. Studies show that recessions resulting from major financial collapses, such as the monumental housing bust and banking crisis of October 2008, usually have slow and difficult recoveries.

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Military parade celebrates Army’s 250th

Cheers and chants rang out Saturday from a crowd of thousands as soldiers manned modern and historic tanks and aircraft for the Army’s 250th anniversary celebration in the District.

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Ovi scores goal 890, Caps lose to Sabres 8-5

Alexander Ovechkin scored goal number 890, but the Washington Capitals fell short, losing to the visiting Buffalo Sabres Sunday afternoon 8-5 at Capital One Arena in Washington D.C., March 30, 2025 (Photos for the Washington Times.)