The President's Plan for Relief from the Sub-Prime Debacle

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With foreclosures at record levels, President Bush wants the mortgage industry to volunteer help for sub-prime borrowers. Who might win and who will keep on losing? What will it mean for the price of housing and a potential recession? Also, an off-line nuclear reactor delays cancer tests around the world, and Democrats are accusing the CIA of "a cover up" and "obstruction of justice." We hear about the destruction of videotapes showing "severe interrogation techniques."

President George W. Bush is flanked by Secretary Alphonso Jackson, left, of the Department of Housing and Urban Development, and Secretary Hank Paulson of the Department of the Treasury, as he delivers a statement Thursday, Dec. 6, 2007, at the White House, on the Administration's efforts on housing. White House photo by Joyce N. Boghosian