Showing posts with label Housing Crisis. Show all posts
Showing posts with label Housing Crisis. Show all posts
Saturday, December 13, 2008
Sunday, November 16, 2008
Tuesday, November 11, 2008
Hitting the Ground Running
(Jim Young/Reuters)
Obama went to the White House on a mission to fix the economy. Will Bush act?
MSNBC First Read: The details on today's meeting
A source familiar with today's White House meeting tells NBC News that President-elect Obama focused on three economic issues during his conversations with President Bush this afternoon. The top topics: a stimulus package in the lame duck session, aid to the auto industry, and help for homeowners with adjustible-rate mortgages in order to prevent more foreclosures.
According to the source, Obama told Bush that action is needed on a stimulus package now - in a lame duck session - and cannot wait until after the inauguration.
Obama also urged help for automakers and encouraged the acceleration of the disbursement of $25 billion dollars for the industry.
On his third focus - housing - Obama voiced his concern that homeowners whose mortgage rates are about to go up will need aid to prevent more Americans from defaulting on home loans.
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