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And that is a start. however, we have the debt ceiling coming up and the nation is close to maxing out our credit card and the bill is coming due and there are folks in washington who say wait two years and we'll be able to do something, but looking at the debt load and crisis and unless we change the path. that is what the path of prossperity is. it might be too late that. is the urgeency we need and american people and they balance the budget every month and washington haven't balanced the budget since the late '90s. but the hole is deep and will take a long time to work its way out. >> the ...

Remainder of the fiscal year and that is a start. however, we have the debt ceiling coming up and the nation is close to maxing out our credit card and the bill is coming due and there are folks in washington who say wait two years and we'll be able to do something, but looking at the debt load and crisis and unless we change the path. that is what the path of prossperity is. it might be too late that. is the urgeency we need and american people and they balance the budget every month and washington haven't balanced the budget since the late '90s. but the hole is deep and will take a long time...

Reducing their debt load. some people, of course, are stretched and so it's a combination of people who are making decisions on their own and some who are just realizing they don't have the income, they're really in a difficult situation. so it's a combination of both. >> i was going to say, i think mortgage default experts are still getting a lot of business, right/. >> absolutely they are because we still see the housing market in some difficult shape right now. and until we really see some strong growth in the housing market, you're not going to see the increase in home values to keep peopl...

Sign, given the turmoil globally between japan and the middle east and europe. we're seeing american households tiptoeing out of this crisis, seeing finances improve. it's really a combination of saving money, building up the rainy day fund, realizing there could be a crisis around the corner and also defaulting on debt. that's really an effect of the recession. people are giving up on their credit card bills, sometimes on their mortgages, and that's reducing their debt load to really the lowest it's been in six years. >> let's talk about that. so many people did eliminate these large amounts ...

Airport that's in very good shape with planes getting ready to take off. the earthquake certainly couldn't have come at a worse time for japan's economy. etc. government is carrying a huge, huge debt load. the nation has been in and out of recession. just like the united states, it's reeling from the spike in oil prices. cnn's mary snow has been taking a closer look at the quake's economic aftershocks. mary, what are you finding out? >> reporter: with so much uncertainty now surrounding one of the nuclear power plants, things could change dramatically. it's impossible to know the scope of the ...