HUD secretary expected to resign

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Housing and Urban Development Secretary Alphonso Jackson was expected to announce his resignation today, leaving President Bush without a key cabinet member as the administration tries to tackle the housing crisis. While the exact reasons for his resignation are unknown, two Democratic senators sent a letter to Bush earlier this month, calling for Jackson to resign over accusations of wrongdoing. HUD runs the Federal Housing Administration, which both parties see as playing a bigger role in stabilizing the mortgage market.  

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