Fannie, Freddie plan set for vote

July 23, 2008

U.S. lawmakers are expected to approve a housing plan that includes help for battered mortgage giants Fannie Mae and Freddie Mac. Hurricane Dolly strengthened, but still was on track to miss the Gulf of Mexico oil and gas hub. Crude prices dropped sharply for the second consecutive session. McDonald's cheap meals and international sales boosted quarterly profits. Conway Gittens reports from New York.