Page 31 - Senator Webb News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Nearly 70%. reno, nevada, almost 60% of homeowners are under water. orlando, florida, 61.7%. 58% of homeowners in modesto, california, are drawning in negative equity. economists say the home prices are declining as the foreclosed properties sell at discounted rates. and unemployment looms at 9%. but that doesn'ted always mean a road to foreclosure. >> some of them unfortunately will but most won't end up in foreclosure. >> most experts feel if you are able to stay in your home and continue to make the mortgage payment the market will turn around and eventually they believe the homeowners will...

This is congressman lee from today. at the house ways and means committee hearing a few hours before this whole thing exploded on the internet. so you can see how fast this developed right before the show. the other big political development, charles, today, senator jim webb, democrat from virginia announced he is not going to run for re-election in 2012. that is a big deal. >> huge deal. seat that the republicans will probably pick up. unless major democrat in virginia, former governor tim kaine decides he will run. he looks as if he is reluctant to. >> the head of the d.n.c.. >> he is reluct...

To imagine what democrat could run against him. >> the reason this has a big impact in presidential politics, virginia has been purple. blue, red. if there is a one-way, one sided race in the senate race, it could have implications in to 2012. >> it would drive up those who turn up. if men like jim webb leave, how bad is the pressure cooker? the senate has become a night mary on people, not just the scheduling but the fast that you have the constant filibusters and the late night sessions. people are griping the place to a halt. in some cases i'm glad they grind it to a halt. the place where y...

. time now for a cnn political update. cnn deputy political director paul steinhauser joins me now from the political desk in washington. paul, are you like gloria, not sitting on top of the desk, just standing there, right? >> don, i know how to walk and talk. listen, gloria and you were talking earlier about senator webb's announcement in virginia, not running for reelection. a lot of speculation on tim kaine, the former democratic governor. he says he's not interested in running but i've talked to a source who says there could be an announcement on whether he will or won't. of course demo...

Fabulous job of working with her. another winter storm is moving across the southeast right now after dumping another layer of snow on the nation's midsection. oklahoma and arkansas have already seen heavy snow, and the dallas area could see up to three inches with watches, warnings and advisories stretching from texas to west virginia. some news from capitol hill for you. democratic senator jim webb from virginia is throwing in the towel. webb told cnn that he'll retire at the end of his term. he was elected in 2006, beating republican senator george allen in an upset. we'll have more on ...