Pictures

U.S. Army Captain Michael Kelvington, commander of the Battle company, 1-508 Parachute Infantry battalion, 4th Brigade Combat Team, 82nd Airborne Division, bows next to remains of Gulam Dostager, a member of Afghan Local Police who was killed in the blast of an Improvised Explosive Device (IED) during the joint Tor Janda (Black Flag in Pashtu) operation, in Zahri district of Kandahar province, southern Afghanistan May 25, 2012. REUTERS/Shamil Zhumatov (AFGHANISTAN - Tags: MILITARY CIVIL UNREST CONFLICT TPX IMAGES OF THE DAY)

Reuters Photojournalism

Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption 

Members of the U.S. Navy Blue Angels fly over the World Trade Center in lower Manhattan as part of the 25th annual Fleet Week celebration in New York, May 23, 2012. REUTERS/Eduardo Munoz (UNITED STATES - Tags: MILITARY ANNIVERSARY TPX IMAGES OF THE DAY)

Fleet Week

The U.S. Navy takes Manhattan for a week.  Slideshow 

Photo

The SpaceX mission

A privately owned unmanned rocket blasts off on a mission to be the first commercial flight to the International Space Station.  Slideshow 

White House to announce housing aid Friday

WASHINGTON | Thu Mar 25, 2010 7:22pm EDT

WASHINGTON (Reuters) - The White House plans to announce on Friday it will require lenders to lower the mortgage payments of some unemployed workers and knock off some principal debt of homeowners who owe more than their home is worth, sources familiar with the plan said on Thursday.

The plan includes at least three months of temporary assistance for jobless workers and incentives for mortgage servicers to write down part of the principal balance, they said.

The plan also aims to increase the Federal Housing Administration efforts to keep people in their homes. It would use remaining funds for the $700 billion bailout to allow borrowers to refinance up to 115 percent of the value of their home.

The principal reduction plan would be administered the existing Home Affordable Modification Plan and is modeled after a principal reduction plan announced this week by Bank of America.

(Reporting by Corbett B. Daly; Editing by Gary Crosse)
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Comments (1)
minipaws wrote:
Can we just have the Google Board of Directors take over running our government, they seem to be the only ones left in IOUSA with any courage to make courageous business decisions. The white house is obviously unable to manage this country.

Mar 26, 2010 5:35am EDT  --  Report as abuse
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