Which Way, L.A.?
Budget Update; Foreclosures in Southern California
The President says he'll spend $75 billion to help stop foreclosures and keep home prices from going down. On our rebroadcast of today's To the Point, we learn who qualifies for assistance and whether the rescue plan will be good for the economy. Also, the rescue plan's possible impact in California, a warning about the budget deadlock and a city election that won't bring much change.
By Warren Olney • • 1h 0m ListenUS Senator Barbara Boxer says the deadlock in Sacramento threatens federal stimulus money for California. We hear about that and look at the unlikely prospects for change after next month's election in the City of LA. On our rebroadcast of today's To the Point, in Arizona today, President Obama outlined his massive new plan to deal with the mortgage crisis. He explained why he thinks it's worth $75 billion.
In this episode
4 storiesBarack Obama and Housing Foreclosures
In Phoenix, Arizona today, President Obama says it's worth $75 billion to rescue nine million homeowners already in default or “underwater” with loans worth more than their houses.
Read the story26 minBudget Gridlock Continues in Sacramento
In Sacramento today, US Senator Barbara Boxer met with fellow Democrats in the Assembly and Senate, then had a warning about the continuing deadlock over the budget . Anthony York is Editor of the Capitol Weekly .
Read the story7 minForeclosures in Southern California
Although the details of the President’s home mortgage plan won’t be released for two weeks, the White House revealed quite a lot today. We hear more about the plan and how it could impact Southern California homeowners.
Read the story9 minOn the Mayoral Race and LA City Politics
Los Angeles' next city election is less than three weeks away, but Mayor Villaraigosa and his allies have weak opposition, and it's unlikely that much will change when the voting is over.
Read the story8 min
