PBS NewsHour

Season 2007 Episode 12.06.07

12.06.07 Broadcast

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Aired Unknown Dec 06, 2007 on PBS
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12.06.07 Broadcast
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As home foreclosures reached a record high Thursday, President Bush announced a deal with mortgage lenders to freeze interest rates on some subprime mortgages due to move sharply higher soon. Treasury Secretary Henry Paulson discusses the details of the proposal. President Bush announced a deal with mortgage lenders to freeze interest rates on some subprime mortgages due to move sharply higher soon that he hopes would slow the rate of home foreclosures. Economic analysts assess the value of the proposal and U.S. subprime troubles. Republican presidential candidate Mitt Romney confronted the issue of his Mormon faith in a speech Thursday, saying that as president he would "serve no religion." Newsweek editor Jon Meacham offers analysis of the role religion plays in politics.moreless
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