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

got the call early saturday morning and heard about it no way the story came out of what he did >> shaunbegan to stop a fight between two men who had been arguing >> and charged with stabbing shaun wild according to witnesses daniel olaska the target of taunting by another bar patron william hayes. who had teased daniel olaska for drinking beer and wine glass all william hayes so step but not life-threatening injuries. principal spent the day counseling students and teachers most of the room already knew about the loss of their friend and teacher even so professional help was brought >> social workers and psychologists and counselors people from all of the district over 20 people here to >> the death of shaun wild repercussions with one city council member now calling for stricter rules governing drinking in downtown vapor built at night. >> memorial service is scheduled north of milwaukee for shaun wild public memorial 7:00 p.m. thursday crowd here brown deer high school. fuel is friday and milwaukee. naples area ceremony may also be scheduled. huge sales of $50 million cash for rebar f

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

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,

i'll speak with shaun robinson of "access hollywood" about her interview that's considered the singer'sdown interview before her untimely death. >>> in other news, as i told you at the top of the hour, president obama moments away from a speech outlining his budget plan for america, a push for short-term spending, major long-term deficit reduction, but a familiar fiscal reality. the president forecasted adding another $1 trillion of debt in 2012 and nearly hitting the trillion-dollar debt number in 2013. so, is this plan dead on arrival? gerald bernstein is a contributor to msnbc and nbc and served as chief economist to joe biden. we're seeing president obama come out now. what is the likelihood this plan is dead on arrival? >> i'm afraid it's pretty high. you already have republicans, the opposition, saying what they really don't like is this plan calls for $1.5 trillion in new revenue. the president well understands we're not going to get on a sustainable path without both cuts and new revenue, but that's very tough for republicans to accept. >> let's listen in and talk on the other s

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,

. >> shaun spicer is the communications director.his time around, he's seen as a moderate, constantly being challenge flood the right on the campaign trail. so can he step it up and silence the growing number of republican critics that he has? >> well, thomas, i think you know the rnc2Ñal downtown get ie middle of the primary fight right now. we let the candidates speak for themselves. but i think what you're seeing at cpac is a record attendance because conservatives like many americans throughout this country are excited about changing direction, putting a republican back in the white house and getting this country back on track. so each of these candidates is going to address cpac and have their opportunity to talk to the negotiation there and present their case for why they should be the nominee and i'll let them do that. >> right now what are conservatives looking at when they talk about the fact that the rnc wants to take back the white house. what is the message that conservatives are watching through this primary vetting serv

shaun donovan responds to the criticism. >>> we wait for facebook's ipo filing. we'll break down the ipo filing and tell you which companies stand to benefit and which could be hurt as a result. back in a moment. tdd# 1-800-345-2550 so, i want to trade at a place that really gets who i am tdd# 1-800-345-2550 and what i need. tdd# 1-800-345-2550 and still gives me a great price. tdd# 1-800-345-2550 at charles schwab, you get everything you need tdd# 1-800-345-2550 to trade your way. tdd# 1-800-345-2550 all for $8.95 a trade. tdd# 1-800-345-2550 here, it's all about trading. tdd# 1-800-345-2550 start trading with the intuitive streetsmart edge platform tdd# 1-800-345-2550 and use its tools like strategy builder to screen for stocks, tdd# 1-800-345-2550 find opportunities faster and compare your strategies tdd# 1-800-345-2550 against other traders. tdd# 1-800-345-2550 at schwab, you also have the resources to research and trade tdd# 1-800-345-2550 across 30 countries with more than 40 stock exchanges tdd# 1-800-345-2550 around the globe. tdd# 1-800-345-2550 plus, ta

she actually spoke with "access hollywood's" shaun robinson in november.erview. and shaun describes her as looking healthy and happy and seeming very strong. we just want to play you a clip of this last interview that she ever did one on one. this is with "access hollywood"'s shaun robinson. let's take a look. we don't have it. well, i can tell you because i've seen this interview on a number of occasions. oh, we do have it now? okay, let's take a look. >> it is a blessing that i have a mother that's very strong. >> yeah. >> and a family that surround me and constantly tell me they love me, and my daughter is my greatest inspiration, my greatest, my greatest. she supports me, she loves me, she gives me good mommy hugs, good daughter hugs. >> yeah, when i told people i was coming here to interview you on the set of "sparkle," one person said, i want whitney to know that she's got so many people rooting for her. do you feel that? >> oh, yeah. >> do you? >> oh, yeah. i've got some good saints out there. >> you do. >> that's right. that pray for me constantly.

later in the third, still tied at 1, alexander 7, he shoots and it bounces off shaun bergenheim's stickth goal and proved to be the game winner. snapping a three-game losing streak, washington now trails florida by just two points in the standing, and tonight the caps continue their four-game road trip against tampa. you can see that game on comcast sports net. also going back to basketball, providen providence, georgetown, they don't want to slip going into the postseason. >> that is the news for now, of course we'll have the latest for you on the jury decisions that's coming out of charlottesville this evening. we'll see you back here at 11:00.

wild fatal chest wound and two other people suffered stab wounds. 27 year-old shaun wild charged with murder and attempted murder held on $3 million bond. not only the host don cornelius created and produced a soul train tonight celebrant has like creative force in broadcast also pay tribute to our early days in chicago live at the museum of broadcast communications in >> could you just wrapped up not long ago after an entree of prominent speakers and they call for a statue to remember the creator of the soul train down what i used to watch a soul train every saturday morning the legacy old friends wind up in the cold on state street tonight he bit a few who performed on soul train. played with a group called billy butler and and venedy >> don cornelius a big part of the beginning of our careers >> he played a big part in all lot of careers and gathered at the museum of broadcast communications some of the industry icons who helped make don cornelius, don cornelius. >> don cornelius said i really need a job in that deep voice and he said i need a job and i got down to that job in a ra

shaun brown parents had no comment tonight. with each deadly incident safety experts renew their calls for parents to use safety straps or anchors to keep televisions from tipping. >> and less and to be learned to watch your children that is all this is about. that but northbrook based agency says setting television safety standards are reviewing these incidents funding coalition of non profits to embark this summer on first nationwide study looking specifically at television to the deaths and injuries and children. the goal to provide in-depth information to better inform policy decisions. batt but thank you tonight chicago city clerk investigating whether gang signs are part of the new city sticker. sticker supposedly honors firefighters paramedics and police decide by 16 year-old attending a school for troubled troubled youth. the position of the hands is compared to some by symbols flashed by members infamous street gang police superintendent karen mccarthy has about to destroy. talking to authorities the office that select

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

access hollywood's shaun robinson joins us from beverly hills with more.orning, jenna. i actually was invited to that party and every celebrity that i talked to was in a state of shock when they arrived because we had actually been looking forward to whitney taking the stage. we had heard that that was going to happen. and a lot of people were wondering if the party would have been or should have been canceled. however, clive davis said that whitney would have wanted this party to go on, everybody was mingling when clive took to the stage. usually it's a crowd that takes a little while to calm down, but as soon as clive took the stage you could hear a pin drop. everyone wanted to hear what he was going to say. and here's how he started his remarks. >> i do have a very heavy heart, and i am personally devastated by the loss of someone who has meant so much to me for so many years. whitney was so full of life. >> clive went on to say all the wonderful things that he knew about whitney when she was growing up. he ended it with a moment of silence. and after t

. >> he's like the shaun white of kayaking. >> it's time to spend some time with our favorite video-sifting i'm no elf. [ laughter ] >> you sift through all of the great videos for us. you're an elf. like presents. >> i'm not happy with this. can we get into the videos or something? >> let's get into the videos. world's worst bench pressing routine. real or fake, everybody? ♪ >> i can't get over those skinny legs. >> it's like the one arm goes down, the other one stays up. >> look at his legs. they're like crooked. >> i think that's all real. >> yeah. >> that is all real. >> because we have all seen people like that at the gym. >> it's all real bad. >> i think it's real too, but it kind of pissed me off this guy could bench press more than me. >> okay. the next one, we've got gymnast attempts a new move. >> yeah, it's a sweet move. check it out. ♪ >> oh. >> oh, my goodness. >> oh, boy. >> oh, no! oh, he's -- >> are you kidding me? i feel like i'm looking at a broken nose. >> watch his arm. >> i don't want to. >> oh! >> yikes. >> that is horrible. >> yeah. >> oh, man. >> oh, that's real. tha

that was, in fact, introduced by shaun duffy. i e'm getting details kind of rate.e said this isn't fair. we'll freeze our own salaries but we don't want to freeze the pay of federal civilian workers. they haven't gotten a raise in six years. the problem is if you're against the bill, this enyou have to vote a against freezing your own salary, the options of which are not particularly great. again, does this instill greater confidence in terms of the greater public and their views of congress. >> i think the concern is you end up kind of talking down the instituti institution. now, 13% of the american people are talking it down already. so people in congress are kind of on that bandwagon, right? it's popular to talk down the institution. the long-term implications of that is not very good with how we govern in the country. if everybody says it's horrible, what are they going to think about congress? at the end of the day, i tend to think these issues around how we fix the mortgage cry circumstance create jobs, those kind of issues probably resonate more in the ameri

shaun o'brien is getting ready. he has glint of rock salt. >> normally we get a couple different orders, once a month depending onto snow fall. this year we only had the one at the beginning of the year and we have been chipping away. >> snow shovels are plenty. >> record two years ago we sold 1500. probably only sold a few hundred this year. >> reporter: if you are walking or driving be safe out there. give yourself extra time. the sweet sounds of a salt truck. what any driver wants to see in the morning and main roads should be fine. what you will have to worry about are the secondary roads. they may not have gotten salt and it could freeze in the morning, something to be aware of. for now don harrison live in baltimore city for abc 2news. >> thank you. we will have the latest on school closings and delays starting at 4:30. the crew will update you on all the road conditions throughout the morning and you can get four hour traffic information on the website and down load our smart phone app for your instant update

-- of all that time, i've never seen such a wonderful , effective -- based on respect perelli and shaun donovan.with they treat us as equals. they roll up their sleeves. we get the job done as best we can together. it has been a model for federal-state relationships, the relationship we've had with them. and just going back for one second to the assistant attorney generals. the attorney generals offices over the last 4 1/2 years, since the mortgage meltdown in 2007, we have done more on dealing with working with, prodding, pushing, threatening to sue the servicers of loans than anybody else. in term of knowledge, knowledge base on servicing of loans in this country, us and the banking regulators i think are unparalleled in our knowledge, experience, and -- >> all of this available online in our video library at c-span do the coring and later in our program schedule. take you live now here in washington, the annual conservative political action conference is getting started. first up this morning, this afternoon going to hear from republican leader of the u.s. senate mitch mcconnell. liv

be well on track the city hosted a couple of major test events over the weekend and olympic chief shaun claude killy says there are no burning issues at the black sea resort i do on a peak with two years to go before the olympics we are confident the games will go smoothly but to make it happen we need to create all the necessary conditions i'm not saying there are any issues but preparing for the olympics is always difficult no matter where you take place transport accommodation security and infrastructure need to be looked at. and also full of praise of the athletes themselves biathletes got a taste of the limping course during the recent russia cup and were pleased with what they found. with just two years to go before the start of the twenty second winter olympics in sochi more and more when years of being put to the test no later is was the biathlon and ski complex called lower after local mythical hereon and which is one of the most ambitious projects of the games located on the say how to reach across land by ama at the height of one thousand five hundred metres above sea level a

. >> the elementary school is deeply saddened by the death of one of four staff members shaun wild crisis teams will be on hand to help students cope with it the teacher's death. the stabbing took place at the frankies blue room popular bar. witnesses said the stabbing took place after a taunting. the suspect was being taunted for drinking beer out of a wine glass and he became enraged and stabbed another patron. when the teachers that 4 to break up he was stabbed to death. >> this whole thing escalated over someone commenting on the way he was drinking beer from a wine glass. he stabbed the victim and continue to stabbed the victim three times. >> we expect to hear from the principal at around 1:00 p.m. key will eat bring us up-to-date on how the students are coping with this tragedy.. >> a huge bill $50 million is set for a man charged with sexually abusing two children for more than a decade. police arrested 63 year-old gaskill at his home thursday where he operated a foster care service with his wife. he's accused of sexually assaulting two young girls from 1996 until about 2009. he h

two billion dollars bailout has been agreed following an all night summit of european ministers and shaun wallace pushing the ruble higher against both the u.s. and european currencies let's look at what's happening with oil crude. speculation of prices which are near a nine month high will curb demand there's europe continues to struggle with its debt crisis that's also against the backdrop of rising food stockpiles in the u.s. which is of course the world's biggest consumer of oil. reserve look at international stock markets will start which have raised earlier gains the footsie is news in point two percent of all the bags is down point six percent. and here's a picture here of the markets are starting to verse earlier again so now we can see they're going back off more or less black territory both the r.t.s. m i six i gave them around point one percent and now let's take a look at some individual share moves energy majors are max this hour gas form is at an over half a percent is four percent lower down that isn't financials are gaining momentum sperm bank is adding half a percent now

finally, i reiterate what shaun ended with. i believe the public wants us to work across party lines and do things for ordinary americans. and homeowners in distress are ordinary americans need help more than most others. it is exactly what the public wants us to do, and i believe we have done that, work across party lines to serve the interests of ordinary americans. with that, i am delighted to introduce one of my colleagues. he is a terrific guy. he is a straight shooter. john southers of colorado. >> thank you, tom. i appreciate. there are 25 democrats state attorney general's -- the question is, how did 49 come together to agree on this settlement? the answer is simple. the attorneys general realized the settlement is very, very much in the interest of their stays. why is that? -- very much in the interest of their states. why is that? with's negotiating national bank's pose significant problems. first, federal pre-emption. there has been indication in case law and congressional legislation about that. is a murky world. we

. >> shaun donovan in the white house briefing room, and the full program is available on cspan.o cspan.org, and you can check out the video library. you are listening to c-span radio. >>> senator john thune is sponsor of a bill to stop the bonuses for fannie mae and freddie mac executives. he is joining us on capitol hill tonight. thank you, senator thune. >> great to be with you, steve. thanks. >> specifically, what is in the bill? >> what we found out is that last fall of course the american people discovered that the federal housing financing agency had approved nearly $13 million of executives for fannie mae and freddie mac and that was something that when they looked at the performance over that same time period, and the fact that they are $150 billion into taxpayer assistance and there was a lot of outrage across the country, and you know, fannie mae and freddie mac in the same time period announced the big losses and there needed to be additional taxpayer infusions of money, and we wrote a letter challenging the issuesurance of those bonuses, but what this is, it is a legislative ef

alaska's be held without bail or to have the bail amount increased he is accused of stabbing teacher shaund to death two weeks ago he is currently being held on $3 million bail prosecutors say that he's capable of violent and explicit behavior they also believe that he could be a flight risk if he is able to post bond >>heroin use among teenagers in naperville is on the rise and to the city has been one of the hardest-hit frank holland has a report on this alarming trend facing parents and children >>we spoke with one family who recently discovered their daughter was the user but unfortunately too late >>she had a beautiful smile ... >>amy and paul miller are talking about megan their daughter who was a senior at a local high school she was addicted to heroin >>she died of a drug overdose when we found her in her bedroom upstairs there was white powder lines of some substance on her dresser >>it happened january 28th according to police her friend was arrested for selling h the same week ... >>lots of people can look at these kids and say there's no chance in hell their kid would use drugs

silence strokes shaun no obvious symptoms despite causing damage to the brain white matter lesions aremall patches of dead cells researchers report children who have multiple surgery early in life have a higher risk of learning disabilities later on. a new study found that children who underwent two or more surgery's at the age of two or twice as likely to be diagnosed with a d h d by 19 years of age the reason for the link is not clear of the doctors think it may have to do it the effect a general anesthesia the drugs may accelerate the normal death of neurons that occurs early in life and that could lead to fenner neural networks that contribute to learning problems later on. >>doctors may want to replace their prescription pads for an electronic version ... a new study by australian researchers shows the technology might help decrease medical prescription errors. i stepped on the machine, and it showed me the pressure points on my feet and exactly where i needed more support. i had tired, achy feet. until i got my number. my dr. scholl's custom fit orthotics number. now i'm a believ

attorney shaun owens says...e of force was ppropriate...the video only captures the end portion. thomas turned and faced officer brrggs, pushed the ground.but for the family of ricky thomas...in their eyes...officer briggs has llst his right to protect and serve: serve:"god knows how many times he did it to other people...and got away with it" internal tioo.....pplcc commissioner &ptalking about a while holding themselves accountable. don't want to speculate... we... have... 2... developing stories...//. áámontgomeryáá... county police... arrested .../ this man...///.áássottáá... speaa... is a teacher .../ mmddle school...////. áápoliceáá say... he had sex .../ with ..a..../ 16... year old.../ student...///. ááandáá... that... the rrlationship.../ had... been.../ going on.../ áásinceáá pf... last year../ another... developing story.../ááaáá pedestrian... was hht... this afternoon .../ in... baltiiore county...///. all... the traffic.../ moving by.../ áafttrá... the accident../. áábutáá just before... 3-30 this af

the xu jung shaun that is in north atlanta.ideo shows the gunman walking in, getting into an argument with someone and opening fire. after all that he killed himself. as many as 20 people ran from the scene when he started shooting. police aren't sure what the motive is for those killings. >>> a 20-year-old woman who fell and hit her head after being tasered by police remains unconscious five months after the incident. the video you're about to see is disturbing. she was tasered while trying to escape from a florida highway patrol station following her arrest last september. as you can see in this dash cam video, when the taser hit her, she spun around, fell backwards hitting her head on the pavement. she's been unconscious ever since this incident. the trooper has been cleared of any wrongdoing but her mother is now threatening to sue the florida highway patrol. >> that is tough to watch. >>> coming up, monitoring metro. riders testifying about sexual harassment on the transit agency's trains and buses. >>> also ahead, a traff

. >> but ""access hollywood's"" shaun robinson says the pictures taken that thursday night tell a whole. >> i said, who is that? what the hell happened? what happened in three months that took her from this person who seemed to really have it all together to this person who looked very disheveled and just kind of not there? >> in a sad reality, houston hadn't been herself in years, at least not the one fans had come to love at the height of her superstardom. her struggles with addiction, the loss of her once incomparable voice, the pressures of fame had all but destroyed houston's once magnificent facade, and by saturday, february 11th, any hope of a comeback would be over. hours away from attending clive davis' annual pre-grammy celebration, whitney houston was in her fourth floor suite here at the beverly hilton when a music executive staying on the floor above hers was jolted awake by a loud thud. >> a member of her entourage went in and discovered her unconscious in the bathtub, partially submerged. the member of the entourage called 911 immediately. >> within minutes paramedics arr

housing and urban secretary shaun donovan weighs in on that. coming up at 4:30 p.m. eastern time. >> let's check the dow with the index up 110 points. there's a look at the major stocks leading that rally. back in a moment. until the end of the quarter to think about your money... ♪ that right now, you want to know where you are, and where you'd like to be. we know you'd like to see the same information your advisor does so you can get a deeper understanding of what's going on with your portfolio. we know all this because we asked you, and what we heard helped us create pnc wealth insight, a smarter way to work with your pnc advisor, so you can make better decisions and live achievement. let's -- let's start over from the beginning. we were just driving along, comin' back from the lake, and all of a sudden, ka-plam. it blindsided us. what is it? our college savings account. how do you think it happened? not sure. i think something we bought a while ago turned out to be something else, annnnnd, i remember a lot of other stuff in there had the word "aggressive" in it.

plus freshman congressman and republican shaun duff fi. does he really not want a ray?urse seafood feast is back. get soup, salad, cheddar bay biscuits, dessert and choose one of 7 entrees. four courses for only $15. offer ends soon. i'm jody gonzalez, red lobster manager and i sea food differently. deficits, it shows michigan's economic recovery is on track to outpace all 50 states during the next six months. republican rick snyder from michigan joins me straight from chile. thank you very much and congratulations. this turn around has been a real team effort. republicans and democrats have worked very, very hard. what has been the key factor that's led to 11 now down to 9.3%. not great but it's an improvement. >> i appreciate your asking. it's about teamwork. we have a different philosophy. with don't blame anyone for anything, i don't take credit for everything and we find common grounds and solve problems because we have so many solvable problems anned why not focus on that instead of, you know, spending time of deviivis issues. >> we had come out of a florida prima

already thanks to the outstanding work in part of my secretary of housing and urban development, shaun donovan, who's here today. there he is, the good looking guy in the front here. the housing plan we launched a couple of years ago has helped nearly 1 million responsible home owners refinance their mortgages, and they are saving an average of $300 on their payments each month, $300, which is great. but i'll be honest, the programs that we put forward haven't worked at the scale that we hoped, not as many people have taken advantage of it as we wanted. mortgage rates are as low as they've been in half a century, and when that happens, usually home owners flock to refinance their mortgages, so a lot of people take advantage of it and save a lot of money, but this time too many families haven't been able to take advantage of the low rates, because falling prices lock them out of the market. they are under water, made it more difficult for them to refinance. then you have all the fees involved in refinancing. a lot of people said you know what, even though i'd like to be, obviously, cutt