Obama throws $75 billion lifeline to homeowners (AP)

A for sale sign stands outside a bank-owned home in North Las Vegas, Nev., Wednesday, Feb. 18, 2009. President Barack Obama unveiled an ambitious $75 billion plan Wednesday to keep as many as 9 million Americans from losing their homes to foreclosure. (AP Photo/Jae C. Hong)AP – President Barack Obama threw a $75 billion lifeline to millions of Americans on the brink of foreclosure Wednesday, declaring an urgent need for drastic action — not only to save their homes but to keep the housing crisis “from wreaking even greater havoc” on the broader national economy.

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