i'm joe kernen along with becky quick and carl quintanilla.et's check on the markets this morning. they've had a great day going yesterday until, i guess, the bonds and some other concerns. >> the bonds or was it the greece situation? >> both. i think that's all kind of -- >> one and the -- >> the same thing. but we were doing really well and then it ended up 5 or so. ge almost at 19 backed off and was down 15. >> did you see we came within 45 points of dow 1 ,000? >> of 11,000. we'll see whether that becomes something that surmounts, like a mental level for -- >> i don't know if it's a technical level or not. they've blown through others. >> 10 we can deal with. 11 to the perm abears, that's something. at 8,000 when they all got bearish, it's like, 10,000 is bad. but 11 means we went right through 10 and right to 11. you guys had no idea. you shouldn't even be managing -- we'll see how barons manages to counter this weekend. >> barons, the famous five. >>> oil this morning, that's another thing that you wonder about, if that were too far have

i'm becky quick along with joe kernen and carl quintanilla. we've got plenty of headlines this morning. let's get right to them. bank of america, it will announce plans today to start forgiving mortgage principal for troubled homeowners. this will target people that owe more than 20% of their home's value. this plan will begin in may. bank of america is expected to offer an earned principal forgiveness ooh up to 30% in two stages. first, the bank will offer an interest free forebearance of principal. homeowners can turn it into forgiven principal annually for five years. bank of america will slash the principal balance on so-called payment option adjustable rate mortgages. those loans had negative am more tiezation features that allowed the principal balance to grow over team. >> we got some pretty good home numbers from yesterday. >> they were down from january, but still well above the fall. >> we talked to kanjorski yesterday. housing is somehow creeping back into the conversation in a big way. >> right. well, because some decisions stro be

good morning and welcome to "squawk" here on cnbc i'm carl quintanilla on capitol hill along with joe kernen and becky quick at headquarters. there is one story dominating newspapers across the country today. i know you've seen some of these. the historic volt on health care. just a few of the front pages from around the country, "the washington post" divided house passes health bill. the boston globe, historic okay on health. new york daily news, barack obama's greatest victory. revolutionizes health care. the journal says historic volt on health, "d" on abortion wins over holdout democrats, the biggest change in deck ids. and the dims in new york, congress sends white house landmark health overhaul. we're going to get to a lot of that for the next three hours. first a grueling day, a fiery debate on capitol hill leading up to a series of late-night votes. want to check in with hampton pearson who's been covering the story late into last night and early this morning. hampton, good morning. >> good morning, carl. as you mentioned, tumultuous debate. really went on all weekend. this whole orc