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Now at breaking point. [bell ringing] norah major news for the economy. The fed cutting Interest Rates for the first time in four years. What it means for your wallet. Its a huge problem, and its getting worse and worse. Norah and Tonights Eye on america. Mortgage rates are coming down, but what about the Supply Shortage of homes . We look at one solution. Im the first person in my family to be a homeowner. Norah the Cbs Evening news starts now. Good evening. Im norah odonnell, and Thank You for being with us on this wednesday night. Theres a lot of news at home and around the world, and we want to start with the number one issue for americans the economy. The federal reserve made a big move today, cutting rates by half ....
And not be hysterical. martha: kirsten powers, thank you very much, s. s.e.cupp. we ll talk about the military implications with general keys. that is still coming up. thank you ladies. thank you martha. bill: there was a war raging just over our southern border, turning thousands of mexicans into virtual refugees, out of control drug violence, forcing thousands to leave everything behind and this place is not far from el paso, texas. steve harrigan is there live this morning. what did you find, steve? reporter: bill, a lot of places you hear about how dangerous they are in the media, then when you finally get there it doesn t live up to the hype. that is not the case with waez, mexico, we spent three days inside the city with a police radio and the murders don t stop. reporter: in two states of mexico that border the u.s., the central government has lost control. ....
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