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1. A key Democrat¹ in Congress says President Bush has agreed to strong congressional oversight² and mortgage aid as part of the 700-billion-dollar bailout plan. An administration official says there's an agreement to prevent foreclosures on mortgages the government takes over.

2. The effects of hurricanes Gustav and Ike have been felt in Atlanta and other places around the south. Gas stations have run out of gas because refineries³ shut down during the storms. The fuel should be flowing normally later this week.

3. Police in New York have arrested one of the two men they say is responsible for the brutal⁴ attack and robbery of the Spanish-language radio host. They say 20-year-old Gavin Scott is one of the men seen on video released by police to help find those responsible.

4. Magician-daredevil David Blaine is in the midst of his latest stunt⁵.He is hanging upside-down for sixty hours in New York Central Park. He says the enormous rush of blood makes his head feel like it's going to explode.

WORDS IN THE NEWS

1.oversight n.

watchful⁶ care or management; supervision⁷.

2.bailout n.
A rescue from financial difficulties: corporate⁸ bailouts.

3.refinery⁹[N-COUNT]( pl. refineries)
A refinery is a factory where a substance such as oil or sugar is refined.

4. in the midst of sth
if you are in the midst of an event or situation, it is happening around you
The government is in the midst of a major crisis.

5.upside-down adj.

being in such a position that top and bottom are reversed;

"an upside-down cake"