craig boswell has the story. >> reporter: after touching down in las vegas, president obama launches new rules to help home owners refinance and avoid foreclosure. falling home prices have slammed home owners there. >> we are the epicenter of the economic hurricane and just like with katrina, all the damage comes in and happens and then people want it fixed right away. >> reporter: according to realty track, foreclosure filings affected one in every 118 homes in nevada last month. the president will expand an existing refinance program that will help home owners with little or no equity cut the cost of refinancing. >> if you meet certain requirements, you will have the chance to refinance at lower rates which could save you hundreds of dollars a month and thousands of dollars a year on mortgage payments. >> reporter: the president is adding the new rules through executive order therefore bypassing congress, saying the economy requires action now. gop lawmakers blame when they call failed obama policies for the crisis including the $787 billion stimulus package in 2009. >> the best ec

fox's craig boswell has our report. >> reporter: president obama kick off his three-day bus tour with a stop in asheville, north carolina. >> we'll give members of congress another chance. >> reporter: the president is pushing his jobs plan while slamming measures for standing in the way of the plan he says will boost the sluggish economy. >> they said no to putting teachs are and construction workers back on the job. they said no to rebuild our roads and bridge and airports. >> reporter: the entire measure failed to pass the senate last week. now, mr. obama wants lawmaker to pass every element of the plan bit by bit including did the -- $50 billion in infrastructure. >> this is the type of money and these are the types of programs that the president advocated in the similar plus program. i think the current understand washington doesn't crow ate jobs. >> reporter: while the trip is about the jobs plan, it is all about the importance of north carolina and virginia, two traditionally republican states that obama won in 2008 and will need to win again in 2012. appropriate's bus pulls in

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craig boswell, fox news. >>> a new cup cake store is opening up in a place that might surprise you. >ise many parents were finding next. >>> and first blackberry has an offer that they hope none can refuse. we have the details. >>> apple seeing no shortage of demand for the iphone, selling 4 million of the model in the first three days in the market, that is more than twice the pace the last model. research in motion still trying to patch up a major black eye. the company hoping that a month of free games and tech service will help customers forgive the company for last week's worldwide network failure. but news of that offer not helping the stock. down over 6%. in fact most stocks taking a hit. hopes of a quick-fix for the european debt crisis hitting a big snag. keep an eye on ibm because after monday they are raising the financial lookout for the year. and big blue looking for big business spending. and a hume improvement giant not helping improve the job market. lowes is going to close 20 stores in 15 states. 2,000 jobs will be affected. retailer saying is that the hope of the eco

in washington, craig boswell, fox news. >> thank you. >>> a parenting lesson in what not to do.. it involves a 9-year-old behind the wheel of a van and her dad gave her the keys. we'll have that story coming up next. >>> it was not a good day on wall street. the dow down nearly 250 points and that spread to asia as well. dow and nasdaq both down on concerns about europe's debt crisis after a german official said it might not be resolved soon. in asia, the nikkei fell 138 points in japan.  [ speaking french ] [ speaking french ] movie buffs! this film is tres bien, but the interest rate on your checking account is le pew. interest on your checking? earn more with new high yield free checking at capital one bank. your interest rate will be five times the national average. five times the interest! and free atms at any bank. show's over folks. make your way to capital one bank. what's in your wallet? were you crying? yeah. were you crying? ♪ one taste, and you'll understand. delicious dunkin' donuts coffee. pick some up where you buy groceries. mm! america runs on dun

mark boswell disappeared after disappeared for a week-long cycling event. but the symptoms to the weeks leading up to his disappearance and erratic behavior could mean that the cancer has returned and spread to his brain. his family says they're worried that he needs immediate medical attention. >>> it's not just a basketball issue, it's an issue of jobs in the east bay. the nba cancelled the first two weeks of the upcoming season. the warriors or oracle arena employees will be out of work. you know the drill here. a lot of insiders say the entire season could be cancelled because of the ongoing labor dispute. what's the latest? >> the latest is nba owners have drawn a line in the stand. an today the players find out they're not willing to budge as david stern has said, if no collective bargaining agreement was struck by today, the first two weeks of the season is cancelled. the commish is a man of his word. the hyokout is on. no new talks between nba owners have been scheduled. this is only the second time in league history there will not be an 2-game regu

currently blocked off -- looking at the bas fourth street overpass, if that could be removed -- the boswell street overpass. i want to give credit to this group of neighbors who live on the san jose avenue. they are organizing for improvements along san jose and they are diligently hosting cleanup days along san jose avenue and urging tree planting and trying to do different things. we support their work in recognizing this plan. finally, the open space section of the plan -- while glen canyon park is a giant open space, this congested village area does not have any good open spaces. the sidewalks are very narrow and overcrowded on diamonds street. suggestions in the open space chapter are to pursue opportunities in that core village area. one of the big ideas is the glen park green way. there is an informal trail along cause worth, but there are barriers and is kind of blocked off. we could do a further designed to save the glen park village and to glen canyon. one of the ideas is under part of the greenway -- there is an idea circulating about is it feasible to do they lighting of this pr

as craig boswell reports, he's asking pressure to be put on to support his jobs initiative. >> reporterat each stop in north carolina, the president has -- has been slamming. the president follows the criticism with a call on congress to pass his jobs bill piece by piece beginning with a $30 billion proposal to keep more teachers in the classrooms. >> our plan would mean about 13,000 jobs right here in north carolina alone. >> reporter: the senate blocked the entire $447 billion proposal last week. >> when you look at the president's jobs act, even if you break it into bite-sized pieces it's spending money we don't have. >> reporter: republicans oppose the new taxes included in the plan and say they've heard it before. >> throw another bailout together, slap the word "jobs" on the cover page and dare people to vote against it. >> reporter: republican presidential candidates debate, once again, this time in las vegas. >> another piece of the caucus and primary puzzle is now in place as iowa sets its sights on january 3rd. it's now up to new hampshire to set its nominateing concept. >>> a

there's john michael boswell is in there and there's barrett jones on the right.ls himself a nerd. plays the violin. >> gary: he's a nerd first-round draft pick >> verne: yes, he is and a wonderful young man. his brother is on the field, a freshman and harrison jones they got on the field together last week and in the huddle harrison said what are you doing here he said coach put me in and he said get the guy over there. fowler. quanjo and here's mccarron. how do you assess his night. >> gary: everything the coaches said about him he's come through. he hasn't disappointed them all and i think alabama fans can rest easy they have a quarterback. he may not play every game but he has the potential to be a winning quarterback and take them to where they want to go. that's the only one play. sec championship and the winner of that game usually plays for the national championship. >> verne: robert clark if not call for the fair catch and kirkpatrick takes him down. 40-yard punt nothing on the return and clark lids to the bench and the player of the game, 181 yards, two

fox's craig boswell has the very latest. >> reporter: after stops in south carolina and florida over holds a town hall in new hampshire. >> i understand how the economy 2. i spent my life in the private -- works. point my life in the private sector. >> reporter: the site will be where the next presidential debate will be held. >> rick perry is going to have to step it up in the debate. >> reporter: rick perry is prepping for tomorrow's contest after recent performances and a drop in some polls. >> what the president of the united states needs to do is how you need to secure and defend the border. >> reporter: he answered questions in iowa after a speech in washington fridayne of the few candidates not already in new hampshire. meanwhile john huntman used his free deaf bait -- jon huntsman used his free debate day to outline policy. >> my foreign fairs will be guided by that which defines -- affairs will be guided by that which defines american exceptionalism and that is our values, liberty, democracy, human rights. >> reporter: president obama is also on the move beginning this week

there's john michael boswell is in there and there's barrett jones on the right.ls himself a nerd. plays the violin. >> gary: he's a nerd first-round draft pick >> verne: yes, he is and a wonderful young man. his brother is on the field, a freshman and harrison jones they got on the field together last week and in the huddle harrison said what are you doing here he said coach put me in and he said get the guy over there. fowler. quanjo and here's mccarron. how do you assess his night. >> gary: everything the coaches said about him he's come through. he hasn't disappointed them all and i think alabama fans can rest easy they have a quarterback. he may not play every game but he has the potential to be a winning quarterback and take them to where they want to go. that's the only one play. sec championship and the winner of that game usually plays for the national championship. >> verne: robert clark if not call for the fair catch and kirkpatrick takes him down. 40-yard punt nothing on the return and clark lids to the bench and the player of the game, 181 yards, two

there's john michael boswell is in there and there's barrett jones on the right.ls himself a nerd. plays the violin. >> gary: he's a nerd first-round draft pick >> verne: yes, he is and a wonderful young man. his brother is on the field, a freshman and harrison jones they got on the field together last week and in the huddle harrison said what are you doing here he said coach put me in and he said get the guy over there. fowler. quanjo and here's mccarron. how do you assess his night. >> gary: everything the coaches said about him he's come through. he hasn't disappointed them all and i think alabama fans can rest easy they have a quarterback. he may not play every game but he has the potential to be a winning quarterback and take them to where they want to go. that's the only one play. sec championship and the winner of that game usually plays for the national championship. >> verne: robert clark if not call for the fair catch and kirkpatrick takes him down. 40-yard punt nothing on the return and clark lids to the bench and the player of the game, 181 yards, two

we found dominion crews working here at the boswell area of stafford county. high winds forced trees down on to power lines. >> i came home, i went to my driveway, the tree fell over in to the driveway. that's what caused all of the lights to go out. >> back out to the billboard, you can see it's been taped off to make sure no one gets injured in case this billboard does fall down. a lot of heavy rain, high winds, and a confirmed tornado. good news -- no injuries have been reported. in quantico, virginia, darcy spencer. news 4. >>> team coverage takes us to western fairfax county where people reported funnel clouds. we look at the damage there. >> here at vienna at the intersection one of the hardest hit areas. hunters mill road and wickens road. the winds came through here. it snapped branches like this. nothing compared to this. there was a tree that snapped in half and it hit this light pole. if you move to the left, these guys are from dominion. they're trying to restore the power to this area. >> frightening. >> lights out for elizabeth habibi and residen

craig boswell has the latest. >> reporter: president obama kicks off a three day bus tour with a stoprth carolina. >> we will give members of congress another chance. >> reporter: he is again pushing his $447 billion jobs plan while slamming lawmakers for standing in the way of a measure he says will boost the sluggish economy. >> they said no to putting teachers and construction workers on the job they said no to rebuilding roads, bridges, airports. >> reporter: it failed to pass senate last week now mr. obama wants lawmakers to pass every element bit by bit including a $35 million proposal to help prevent layoffs of -- billion patrol postle to help prevent layoffs. >>> they oppose the new taxes. >>> this is the type of money these are the type of programs the president advocated in the stimulus program. washington doesn't create jobs. >> reporter: well, the trip is about the jobs plan it is about the importance of north carolina and virginia, two traditionally republican states obama won in 2008 and will need to win again in 2012. >> president obama's bus pulls into virginia late tu

boswell. >> thank you, mr. chairman.time's running out, but i want to compliment all four of you. this has been a great panel. you've said the things we needed to hear. some of it we've heard before, just keep saying it. i especially want to associate myself with mr. bolen. thanks for hanging in there. you're going to be okay on capitol hill. you did a good job, and so thanks for making yourself available to do what you're doing. because we appreciate it very much. it's investment with a known return, mr. chairman. this investment, and i think for our call it fiduciary responsibility, whatever, if we know this is an investment with known return and also it adds all of the capabilities to safety and so on, let's get on with it. let's get on with it. i have to go, so i'd like to yield the remainder of my time to my good friend and colleague, and i think we're on the same frequency, mr. graves. >> thank you. i appreciate it, leonard, i really do. i actually have a couple of different questions. i don't even know where to st