U.S President Barack Obama speaks before signing an Executive Order titled "Fair Pay and Safe Workplace" in the South Court Auditorium of the Eisenhower Executive Office Building next to the White House in Washington, D.C., U.S., on Thursday, July 31, 2014. The Executive Order requires prospective federal contractors to disclose labor law violations and give federal agencies more guidance on how to consider labor violations when awarding federal contracts. Photographer: Andrew Harrer/Bloomberg *** Local Caption *** Barack Obama
Andrew Harrer, Bloomberg U.S President Barack Obama speaks before signing an Executive Order titled "Fair Pay and Safe Workplace" in the South Court Auditorium of the Eisenhower Executive Office Building next to the White House in Washington, D.C., U.S., on Thursday, July 31, 2014. The Executive Order requires prospective federal contractors to disclose labor law violations and give federal agencies more guidance on how to consider labor violations when awarding federal contracts. Photographer: Andrew Harrer/Bloomberg *** Local Caption *** Barack Obama

President Obama announced an initiative Tuesday with several large banks and mortgage servicers designed to make it easier for members of the military and their families to lower their mortgage payments.

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