Morning News Friday August 31st 2007
General News:- U.S. stocks rallied on speculation the government will help people with delinquent mortgages keep their homes. - President George W. Bush today pledged to help people with risky subprime mortgages keep their homes and tighten safeguards against predatory lending, while rejecting a bailout for ``speculators.'' - The Federal Reserve will do what's needed to prevent this month's credit market rout from undoing the six-year economic expansion, Chairman Ben S. Bernanke said. - Consumer spending and wages in the U.S. rose more than forecast in July, the latest sign that the economy was strengthening before the cost of credit…