housing secretary shaun donovan about president obama's plan to help homeowners struggling to pay their mortgages. >> ifill: ray suarez tells the story of victor rios, a one-time california gang member now college professor and mentor to at-risk youth. >> it was important for me to hear an adult tell me, "listen, we know you messed up. we know you're a dropout, but we still believe in you." and they gave me that dignity and i ran with it, and i'm still running. >> woodruff: jeffrey brown examines the much-anticipated public offering for social media giant facebook. >> ifill: and hari sreenivasan explores a fossil find in the rocky mountains packed with the bones of ice age mammoths. it's the subject of tonight's edition of "nova." >> woodruff: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: >> bnsf railway. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was ma

housing and urban development director shaun donovan is here today. the dow jones industrial average up about 7.5 points, well off the highs of the day. volume once again on the light side. 12,081 last trade on the dow. the winner on the session, nasdaq at 2,927. the s&p 500 flat on the session, up a fraction, 2 points at 1,351. let's get to bob pisani right now. he has the details on today's market action. >> we had very good news today. in fact, i enumerated five reasons why the market should have been up today. let's go through them. i think this is good news overall. we had a tentative greek deal, let's not go further than that. we also had good jobless claims. apple was up 4%. bank of england is pumping money into their company. if this was four months ago, the dow would have been up 200 points today. yet, fairly flat on the day. people keep saying, bob, we've had a rally, we've had it every day this year, every day the dow's been up fractionally. the s&p up 7%. nice move up with the nasdaq. and the russell 2000 small cap index up 11%. everyone k

shaun donovan is secretary of housing and urban development. he joins us from that agency tonight. secretary don avan, welcome back to n. b. r., nice to see you. >> great to be with you. >> tom: this plan is aimed for refinancing hope orns into taxpayer guaranteed mortgages through fanny mae and freddie mac, is that correct? >> actually it would be refinancing them through fha, which is part of hud. but the basic idea here, the president has taken important steps over the last six months to make sure that middle class families who are doing the right thing, paying their mortgages even though they're under water, would have the ability the refinance. the problem is if you happen to have a mortgage that isn't a fanny mae or a freddie mac or fha mortgage, you're out of luck, and you may be doing everything right, paying your bills, but you can't benefit from what are today record low interest rates. >> tom: secretary donovan, with just learned this week that freddie mac has financial positions that profit when homeowners stay in higher interest rate loans. will this practice continue,

housing secretary shaun donovan about president obama's plan to help homeowners struggling to pay their mortgages. >> ifill: ray suarez tells the story of victor rios, a one-time california gang member now college professor and mentor to at-risk youth. >> it was important for me to hear an adult tell me, "listen, we know you messed up. we know you're a dropout, but we still believe in you." and they gave me that dignity and i ran with it, and i'm still running. >> woodruff: jeffrey brown examines the much-anticipated public offering for social media giant facebook. >> ifill: and hari sreenivasan explores a fossil find in the rocky mountains packed with the bones of ice age mammoths. it's the subject of tonight's edition of "nova." >> woodruff: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: >> bnsf railway. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was ma

the hud saek tear shaun don van donovan and interest rates are very low and banks have been reluctant. an eligible homeowner could refinance a loan through the fha. reaction on capitol hill, a question posed to the speaker of the house, john boehner. >> the president is announcing a proposal today to help underwater homeowners refinance. >> one more time? >> one more time? >> how many times have we done this? we've done this at least four times where there's some new government program to help homeowners who have trouble with their mortgages, none of these have worked. i don't know why anyone would think this next idea is going to work. and all they've done is delay the clearing of the market. the sooner the market players and we understand where the prices really are, will be the most important thing we can do in order to improve home values around the country. >> you can work with the president in any way to actually -- i've -- i'm always opened to working with the president of the united states. we both have a job to do. if it makes economic sense and it's fiscally responsibility,

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next, karen donovan. she did let our office know that we would -- she would be here. we have a third applicant who could not be here today. again, he was called to jury duty. i do know that supervisor farrell wants to hear the applicants as well. being that we have one of three, i'm not sure if we could continue this to the call of the chair. we will not ask you to come back again because you were able to come today. i would feel more comfortable hearing all the applicants before making a decision. at this time will open up for public comment. >> i came to speak in support of karen donovan cornell a little bit served for two years on the public utilities commission citizens advisory committee where i was appointed to serve. she also has experience as a deputy city attorney on the public utility team and is an eternity -- an attorney at east bay mud. she has a range of experience that is appropriate. i did not know mr. sheehy. we should find some way to find -- involve him in the puc. the more people who are paying attention to the big important work at puc, the better

turn things over to the leaders of this important work, my colleague in the cabinet, secretary sean donovan. >> eric, thank you, and i want to thank everyone here on the stage, but also the countless folks who are here in the audience that worked so closely, so long hours, including into the wee hours last night, to make this day possible. and i want to return in a moment to talk about the remarkable work in particular of our state partners, the attorneys general. but i do want to single out in particular tom perrelli, who was just a relentless, relentless magnificent partner in this work. tom, thank you. eric, thank you for picking tom, putting him on this as a partner, and i really do appreciate all the work that you did together with my team. attorney general holder just mentioned, this historic settlement will not only hold institutions that wronged families, neighborhoods and contributed to the collapse of not just the american economy but the international economy, not just hold them accountable, but it will also provide immediate relief to homeowners. forcing banks to reduce principl

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secretary donovan said it.hen i spoke to the delaware attorney general who was one of the holdouts and then did sign the deal in the end, he said the same thing everyone i have talked to has said. let's put it in context. in and of itself while it's the biggest deal of its type that we have seen, it's still a drop in the bucket. >> that was the undercurrent of your interview with the secretary just now. what is the broader context, and also is it a solution. let me put that into a larger contest. i don't want to rain down numbers but they are important. >> do you think christina will be offended? >> we love raining numbers. >> the total value of the housing market is $17 trillion. that's backed by $11 trillion in mortgages. trillions i'm talking about here. there is $750 billion worth of underwater mortgages. this is $26 billion. it's not good, it's not bad, it's largely nothing. >> is there some benefit in having it out of the way so that we can now start to solve other problems? >> you don't need to fix all o

i'm tired of the donovan mcnabb, the al haines worth. >> and -- you were that close to al? >> yes. >> and he's the thing. >> right. >> and this is -- please. and this is -- this ask what you do. and -- . >> on the sideline. >> and think about the potential. >> right. >> and think about the until. manning against manning twice a year in that is golden. >> and we need a young, hot, sweaty quarterback. >> and -- >> can we join the discussion? >> yeah, sure. we're out of time. >> i agree with you, actually. >> okay, i think we're out of a show. we'll see you next week. >> this is off of the wall. >> and they hijacked the show. [ laughter ] >>> tony and allison, a major upgrade on off the wall. sorry, wisdom. >>> georgetown hosts saint john's tomorrow 1:00 p.m. at the verizon center. that is all we have for tonight. good night, everybody. ody. ♪ [ kareem ] i was fascinated by balsa wood airplanes since i was a kid. [ mike ] i always wondered how did an airplane get in the air. at ge aviation, we build jet engines. we lift people up off the ground to 35 thousand feet. these engin

. >> mientras estados unidos enfrentara en galavision a italia y lo harán s landon donovan que no juegas niños hacen ejercicios por los jeugos de video, un estudio dice que los niños que los usan hacen la misma cantidad al día que los que optan por los sedentarios de solo los dedos pero los de movimiento hacen que no ganan sobrepeso . >> al día siguiente me dolia el hombro . >> pero es intenso tengo el active de wii pero se nota . >> peor es nada dicen en mi pueblo . >> aquí el pronóstico . >> (♪ ♪) . >> buenas noches . >> noche de lunes la lluvia en montaña esperamos el siguiente sistema del golfo de alaska, con lluvia para nosotros en los próximos días . >> se esperan nublados . >> pero no la presencia . >> el miércoles entra el siguiente sistema . >> ni el viento sino también la lluvia que acumula en las zonas altas . >> en un 34% bajo lo normal . >> así que bienvenida la lluvia . >> los 55 atención porque el miércoles llega el sistema se queda con nosotros jueves , viernes y sábado mejora para el fin de semana . >> temperaturas por sobre los 60°, muy cercanos a los 60 no deje el par

i am pleased to be joined with todd miller, a shaun donovan. david montoya, lisa madigan and roy cooper to announce our latest step forward in writing the wrong on our collapse. the department of justice and housing and urban development along with 40 other agencies have reached a landmark. $25 billion agreement with the nation's five largest servicers. jpmorgan chase, wells fargo, citibank, and ally financial that was formally gmac. they are recovering losses for victims of reckless and abuse of market practices. in addition to addressing many of the egregious abuses that our investigations have uncovered, this establishes a new homeowner protections. it also provides substantial financial assistance to borrowers. it is the largest joint federal- state civil settlement in the history of this nation. although every american can be encouraged by the progress that has been achieved, more work must be done. that is why we a taken steps to ensure the claims on not interfere with our current investigations and prosecutions for words. it would advanc

a special thank you to our hud national office, the secretary, donovan. we had a chance to talk about this system -- specific project. the deputy secretary came out to view the progress. it emanates from the national leadership by an increasing strongly that we are delivering on our promises. this is why we get to announce that we're still the third lowest unemployment rate in the whole state of california. we are delivering on these promises. thank you for all coming today. [applause] >> at this time, i would like to ask the assistant secretary to come up and say a few remarks. as the mayor mentioned, she is a wonderful supporter of affordable housing. her lifelong career as been committed to economic justice and the creation of affordable housing. she is a personal friend and somebody in the right position at the right time. without further ado, assistant secretary marquez. [applause] >> it is my pleasure to be here. i do not get to come home very often. it is nice to be here. we have been friends a long time. we're both natives. we have watched the cit

cuales del primer equipo estarán presente la selección de las estrellas y las barras no contará con donovane, y así parece que el arquero le hizo la ayudita, cuando ya estaban del primer minuto del tiempo adicional se anotó el gol del grupo 2 x 1 o que se hizo en propia portería, los brasileños ganan con ayuda y con el marcador mcdonald hacemos un repaso a los compromisos para mañana en esta fecha. momento para la pausa pero por favor no se muevan que ya regresamos con más.

i would like to introduce my colleague in cabinet, secretary sean donovan. >> eric, thank you. i want to thank everyone here on the stage, but also the countless folks who were here in the office to of worked closely for so long hours, including the we hours last night to make this day possible. i want to return in a moment to talk about the remarkable work of our state partners at the attorneys general. i do want to single out in particular caparelli who was a relentless, relentless partner in this work. eric, thank you for picking tom as a partner. i appreciate the work you did together with my team. as attorney general holder just mentioned, this historic settlement will not only help families and right wrongs that contributed to the downfall of the american economy, not just hold them accountable, but it will also provide an immediate relief to homeowners, refinancing loans for underwater bar worse -- borrowers and using money as direct help for consumers struggling today. and it comes not a moment too soon for homeowners, the housing market, and our economy. we all know ho

alemania, donde marcÓ diez goles en el 2011 tiene 30 aÑos, y reforzarÁ la lÍnea ofensiva con landon donovann embarazas accidentalmente, afecta a paquetes, con fecha de caducidad del 31 de julio del 2013 y 31 de marzo del 2014, el problema fue una falla de inspecciÓn mecÁnica y visual, y afirmÓ que fue corregida. pero tenga mucho cuidado, de esta manera nos despetimos, siempre encontrarÁ informaciÓn las 24 horas del dÍa en univisiÓn 14. com,

first of all, our attorney general eric holder, secretary of housing and urban development shean donovane attorney general and former classmate of mine tom pirelli. we've got attorney general george jettison from connecticut, roy cooper attorney general from north carolina. lisa madigan from my home state of illinois and former seat mate of mine in the state legislature together. dustin mcdaniel from arkansas. gregory zeller from indiana and tom miller from iowa. i also want to acknowledge bob ryan who worked with with shean donovan extensively on this issue as well as tim masiff of treasury and gene sperling who doesn't always get the credit he deserves for doing outstanding work. the housing bubble that burst nearly six years ago triggered, as we all know, the worst economic crisis of our lifetimes. it costs millions of innocent americans their jobs and their homes. it remains one of the biggest drags on our economy. last fall my administration unveiled a series of steps to help responsible homeowners refinance their mortgages to ache advantage of historically low rates. last week i ur

a first on cnbc interview with shaun donovan. >> we'll tell you how the heat map is shaping up here as we approach the final stretch. we're back on the "closing bell." you're watching cnbc, first in business worldwide. >>> about 45 minutes left in the trading session, time for a quick market stat check on the market itself. fresh four-year highs, although gains have been muted. greek leaders unleashing a second bailout package. parliament votes on those cuts sunday. we had the mortgage settlement. a lot of things going on right now. but the dow is up just 23 points, 21 points right now. the high of the day the dow was up 41. here's a look at some of the leaders at this hour. united technologies, there's a bank of america continuing higher, another 1% gain today followed by american express, dupont and pfizer. >> bill, time for the stock brawl of the day. we take the gloves off for pepsico, the largest snack food maker. fourth quarter net income up 4%, revenue up 11% for the quarter. company also held an analysts day in new york today. among the biggest announcements, the company will c

yes whereas donovan didn't do that in their minds.t is why you would do it and also because if he is 75% of what he was it is still better than any other quarterback. >> peyton manning ends up in washington or no? >> i think no. >> spring training is a couple weeks awatch the big story bryce harper all throughout spring training. let's assume harper just kills it. okay. bats over .300. has a few home runs. do you put him on the opening day roster? >> at his age i still say no. i still say because if you do i still think it's rushing him no matter what he does there. but if he does do, if the scenario plays out the way you just said it then i could see there being a lot of pressure to do it, a lot of pressure internally, a lot of pressure externally. yeah it could happen but i personally would not do it. >> from a business standpoint it makes sense to start him down at triple-a, keep him there for a couple months because then you have him for another year. >> absolutely. really the only reason you would do it is if the external pressur

recently dom donovan and the chairman of the joint chiefs went over to visit israel. and the tone of the reports that i received and, of course, all this isn't in writing. but the tone was that they were urging israel not to take any unilateral action as far as an attack on iran is concerned. and i know that recently they said that they certainly weren't going to involve so to speak the united states to give us some sim ambulance of separation from that. why doesn't the administration give complete support to israel and say if iran continues with its program, we'll do whatever is necessary to stop that program and give israel the support they need. right now they're surrounded by all of the potential enemies you can count and they really need, i think in the world of public relations to know and the world to know that the united states is with them through thick and thin. the last thing i talked to you about when you were here before and i'll give you a chance to respond was i've been very concerned about the entire northern tier of africa and the persian gulf become

secretary of housing and urban development shean donovan.te attorney general and former classmate of mine tom pe relly. we have got attorney general george jeffman from connecticut. roy cooper, attorney general from north carolina. lisa madigan from my home state of illinois. and former seat mate of mine when we were in the state legislature together. dustin mcdaniel from arkansas. gregory zoeller from indiana. and tom miller from iowa. and i also want to acknowledge bob ryan, who worked with shean donovan extensively on this issue, as well as tim mathis of treasury. and i'm going to acknowledge also jean sperling, who doesn't always get the credit he deserves for doing outstanding work. >>> the housing bubble that bust nearly six years ago triggered as we all know the worst economic crisis of our lifetimes. it cost millions of innocent americans their jobs. and their homes. and it remains one of the biggest drags on our economy. last fall, my administration unveiled a series of steps to help responsible homeowners refinance their mortgages

. >> destacÁndose landon donovan, howard y dempsey. >> las Águilas le dan visita tal atlante, llevanias seguidas al vencer a knicks de nueva york. >> los tres grandes del heat sumaron 67 puntos y la defensa frenÓ en seco a la sensacion del momento jeremy lin, quien finalizÓ con solo 8 puntos y 3 asistencias, despuÉs de promediar casi 24 puntos y mÁs de 9 asistencias en sus Últimos 11 juegos. >> y no pudo con los treser imp fantÁstico, en contacto deportivo ampliaremos la noticia de regreso de many ramÍrez a grandes ligas. >> el amistoso mÉxico- colombia junto a dos leyendas. >> tendremos al tÉcnicÉcnico de selecciÓn... seguimos con mÁs de "primer impacto." >> gracias ivÁn, un gusto tenerte aquÍ en "primer impacto." >> asÍ vamos a una breve pausa investigan a un dentista porque un niÑo muriÓ en sus manos durante una visita de rutina, y podrÍa no ser el Único. >> mÁs adelante no se pierda el nuevo video musical de henry santos, el ex integrante de aventura, no se lo puede perder porque esionepr impacunivnprimmc o (♪mpacto univis>> bajo investigaciÓn esÁ dentista en nuevo jersey tras la

meanwhile over in england one of america's top footballers landon donovan says he's been enjoying his second largest spell as everton the twenty nine year old l.a. galaxy forward is considering joining the tough is on a permanent basis but as a later point in his career in the future who knows you know i have had. a really good time again i've had time to speak to my family. i've had time to speak to the manager i've spoken to my my coach and. i have two more years left and we'll see what happens i want to get through this year it's qualifying for our national team it's a big year and then make a decision on what i'm really planning for the future. and so you athletics now and russian pole vaulter yelena isinbayeva start another confidence boosting win with five months to go before the start of the london games the double olympic champion sets the third best jump of the season at four point eight one metres to clinch her third title of the year and live in france but mark was ten centimeters ahead of this li silva their second third place went to france has been as a boss like a symbi

secretary donovan recently commented on fannie and freddie. we need to break the logjam of principal reductions. and as you well know, treasury has offered triple incentives to banks and mortgages, mortgage companies willing to cut mortgage principal for under water homeowners through the housing affordable modification program. you have talked about it some time, haven't you. the need for principal reduction is very apparent not only in new jersey but some other states obviously while the decline in the median price, median price of a single-family house, home, outpaced the national average by 3.7% drop, a 3.7% drop with bergan county having 8% drop last year. that's big. and an even higher drop of 8.4% right next door. mr. secretary, the need for principal reduction for freddie and fannie held mortgages is apparent. is it contained within the president's 2012 budget? and if it isn't, why isn't it? >> it doesn't need to be in the budget because we believe that fannie and freddie have the clear authority to provide principal reduction in cases