Day 44: Obama Overhauls Contracts, Picks FEMA Head, Unveils Mortgage Program
(CBS)
"The American people's money must be spent to advance their priorities -- not to line the pockets of contractors or to maintain projects that don't work," the president said in announcing the move.
(AP)
And his administration kicked off a new program designed to help up to 9 million borrowers stay in their homes through refinanced mortgages or loans that are modified to lower monthly payments.
Watch CBS Evening News reporting on the president's day below.