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Strong. previously owned homeland surged up 12.8% from the month before. few analysts see it as trend. they expect it to be weaker this year as foreclosures and unsold homes continue to pile up. china's president says his country is economic partner in the united states, not a threat. president hu jintao visiting capitol hill and he said the world is recovering and u.s. and china should work together to speed up the process. lawmakers say they brought up touchy subjects like human rights violations. >> we did have a good meeting with the president of china today. we did discuss our economic re...

Out of 18 to make a recommendation go forward to be considered. >> greta: our current debt is 12.8, 13 trillion give or take a few billion, whatever. you say you are in favor of cutting spending. it seems there are three ways to arrive at resolving this. you cut spending. you raise taxes or you rev up the economies so we have a lot of money pouring in to the government or some combination of those three, is that a fair sort of -- >> that's fair arithmetic, right. >> greta: how are you going to convince everybody in this panel to your viewpoint that it should be cutting spending and not raising...

Out of 18 to make a recommendation go forward to be considered. >> greta: our current debt is 12.8, 13 trillion give or take a few billion, whatever. you say you are in favor of cutting spending. it seems there are three ways to arrive at resolving this. you cut spending. you raise taxes or you rev up the economies so we have a lot of money pouring in to the government or some combination of those three, is that a fair sort of -- >> that's fair arithmetic, right. >> greta: how are you going to convince everybody in this panel to your viewpoint that it should be cutting spending and not raising...

Continues to rock wall street this morning after friday's announced fraud charges against the powerhouse. at the center of the allegations is the elite mortgage unit that the sec says was the financial equivalent of a ticking time bomb. although goldman sachs denies any wrongdoing, england and germany announce they will also investigate the firm with prime minister gordon brown accusing the investment bank of, quote, moral bankruptcy. today the scope of the charges are sending stock futures falling. the goldman sachs stock tumbled 12.8% wiping out $12 billion worth of their market value on wor...

Jobs went away. the region 12.8 january unemployment rate is at a 20-year high. the local economist says the $653 million in federal stimulus money distributed locally helped prevent a bad situation from getting worse but cautions money from washington is not the cure. >> critics argue stimulus funding is economic band aid for a badly hurting community. the company is now planning a $100 million expansion. and the addition of nearly 300 new jobs. in charlotte, north carolina, david lee miller, fox news. >> chris: one industry that is doing fine these days is the lobbying business. that is desp...