Despite some green shoots in the economy, the housing sector remains weak. With 11 million Americans still underwater on their mortgages, some housing experts believe it's time for more dramatic solutions.
The idea of reducing the principal on the loans of underwater homeowners used to be a fringe concept, embraced by a few outliers. Today, many policymakers believe principal reduction is necessary to keep some troubled homeowners afloat.
But so far, the nation's biggest mortgage holders, Fannie Mae and Freddie Mac, haven't embraced the idea.
Originally published on Wed February 29, 2012 6:02 pm
On its opening weekend, the Navy SEAL's movie Act of Valor grossed over $20 million at the box office. The military movie is believed to be the first to feature active duty military personnel as actors in the film.
Mitt Romney's decisive victory in Arizona on Tuesday won him every one of that state's 29 delegates in what was a winner-take-all election. But it was quite a different story in Michigan.
Even though Rick Santorum finished 3 percentage points behind Romney, Santorum ended up with the same amount of delegates: 15. That's because Michigan awards most of its delegates according to congressional districts.
Every one of the 10 states voting next week on Super Tuesday will also award delegates on a proportional basis.
It's ALL THINGS CONSIDERED from NPR News. I'm Robert Siegel.
AUDIE CORNISH, HOST:
And I'm Audie Cornish. Deadly tornadoes swept through the Midwest overnight and this morning, killing at least eight people. The storm system hammered parts of Nebraska, Kansas, Missouri, Illinois and Kentucky, where it still poses a threat.
As NPR's David Schaper reports, hardest hit is the small city of Harrisburg in southern Illinois.
Robert Siegel talks to three former GOP party chairmen and governors about the results of Tuesday's primaries in Michigan and Arizona. Haley Barbour of Mississippi says the campaign should now focus on social issues. Marc Racicot of Montana agrees, but says attention must be paid to those who care about such issues, and Jim Gilmore of Virginia says he feels a connection must be made between the GOP and blue collar voters.