AC360° Senior Producer
The Obama Administration releases guidelines today to help lending institutions figure out which homeowners are in most need to fend off foreclosure. It’s a $75 billion housing plan to help 9 million families rework mortgages.
We’ll let you know if you qualify for this plan! Our experts will answer your questions.
President Obama also tackles wasteful spending today- we’ve been told he will sign a Presidential Memorandum “to reform our broken system of government contracting." We'll dig into what contracts he means, and how much $$ it will save.
President Obama’s Money Men are back on the Hill, lobbying lawmakers on the President’s $3.6 trillion budget proposal. Republicans continue to take issue with the size of the budget and especially the tax increases.
OMB director Peter Orszag and Treasury Sec Tim Geithner insist the budget benefits 95% of working Americans and that higher taxes for the wealthy won’t come till 2011 when they predict we'll be in recovery mode. Will they convince lawmakers, and the markets for that matter?
President Obama said, “You know the stock market is like a tracking poll in Politics, you know it bobs up and down day to day and you know if you spend all your time worrying about that, then you're probably going to get the long term strategy wrong.” Do u agree?
The California Supreme Court tomorrow will hear arguments on Proposition 8. Will an estimated 18,000 same-sex marriages remain valid? Tonight there are candlelight vigils across the state ahead of court tomorrow, we are working on bringing these pictures in live, and may have a debate on the subject.
If you’ve been hiding assets in a Swiss bank account to avoid paying taxes, watch out- the U.S. government wants your name. Swiss Bank UBS has already admitted to helping clients avoid paying taxes and agreed to pay a hefty million dollar fine and disclose the identity of about 300 clients, but the IRS still wants the names of 52,000 others and has sued UBS for this info.
A senate committee will grill an executive from UBS today. Will he talk, or say that he can’t reveal names without violating Swiss law? We’ll keep an eye on this story.
See u at 10pet!
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
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