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Economy: Housing Plan #923941

CBS Evening News for Wednesday, Mar 04, 2009
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(Studio: Katie Couric) The report from the Federal Reserve on the state of the economy outlined and quoted.

(White House: Chip Reid) President Obama's plan to help struggling homeowners featured; details given about incentives to modify mortgages, the qualifications for homeowner eligibility and help to refinance to lower mortgage rates. [OBAMA - says it will not reward folks who could not afford homes.]

(Studio: Katie Couric) A report on underwater mortgages cited.

(Los Angeles: Ben Tracy) The mortgage crisis in which people owe more than the value of their homes featured; sample "underwater" statistics cited; details given about people who will not be eligible for help. [Los Angeles homeowners Jessica and Aaron JENKINS†- talk about their situation.] [USC economist Richard GREEN†- says unemployment rates will thus stay higher.]

Reporter(s):
Couric, Katie;
Reid, Chip;
Tracy, Ben
Duration:
00:04:40

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