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Closing the Wealth Gap

April 13, 2009 - by Donny Shaw

Last month the Federal Reserve reported that in 2007 the net worth of the typical African American family was only 10 percent of the net worth of the typical white family — down from 12 percent in 2004.

Today, Mike Lillis of the Washington Independent gives an overview of what some members of Congress are proposing to deal with the wealth gap and some the problems they are encountering in trying to get their proposals passed.

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