FACTBOX: Presidential candidates economy plans

(Reuters) - U.S. presidential candidates have been outlining their plans to revive the sagging U.S. economy and to stem the American housing crisis. Following are some of the recent economic policies outlined by the three main candidates:

DEMOCRATIC NEW YORK SEN. HILLARY CLINTON

* Called for a second stimulus package with a $30 billion fund to put cash into the hands of local governments and nonprofit organizations to buy and resell properties to low-income people or turn them into affordable rental housing units.

* Proposed an emergency working group on foreclosures to study how to establish "broad restructuring" of at-risk mortgages. Suggested the group could be headed by economic leaders like former Federal Reserve Chairmen Alan Greenspan and Paul Volcker and former Treasury Secretary Robert Rubin.

* Plans to introduce legislation to provide legal protection for mortgage servicers who help struggling homeowners to modify their mortgages.

* Supports expansion of Federal Housing Administration's capacity to guarantee restructured mortgages, in line with legislation proposed by Democrats Rep. Barney Frank of Massachusetts and Sen. Chris Dodd of Connecticut. Said government must be ready to be proactive in purchasing, restructuring and reselling "underwater mortgages."

* Proposed a $12.5 billion funding package to provide job training for displaced workers. It would include $2 billion a year over five years to create universally available job retraining services for the unemployed and $500 million a year for on-the-job training and worker education.

DEMOCRATIC ILLINOIS SEN. BARACK OBAMA

* Called for greater government regulation of the U.S. financial system and proposed a new $30 billion economic stimulus plan to help homeowners.