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CNNW The Situation Room With Wolf Blitzer October 24, 2011

issue many people thought would settle. i m wolf blitzer. you re in the the situation room. president obama is going around congress for his latest plan. he is out west focusing in on the ongoing housing crisis that continues to drag down the u.s. economy. he wants it make it easier for a homeowners who are under water to refinance and he is unveiling his plan in one of hardest hit housing markets in the country. we are talking about las vegas nevada. jessica is joining us now with details. jessica, what is the president doing? he is rolling out a new plan to help homeowners drowning in massive mortgage payments who can t take advantage of the historically low interest rates because the value of their home has plummeted. that s the policy but there s politics here too. nevada, a must-win for the president in 2012. statewide home values have fallen 53% since the height of the crisis, 59% in las vegas. so that s where the president is unveiling his latest housing pl ....

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Detailed text transcripts for TV channel - FOXNEWS - 20111023:02:23:00

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Detailed text transcripts for TV channel - FOXNEWS - 20111023:05:12:00

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Detailed text transcripts for TV channel - FOXNEWS - 20111023:11:43:00

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Detailed text transcripts for TV channel - FOXNEWS - 20111023:11:15:00

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