President Obama gave his State of the Union address Tuesday night. The speech was one part blueprint for economic cooperation, and one part political warning shot — as Obama prepares for a tough re-election campaign.
In his State of the Union address, the president announced a new initiative to help homeowners save money by refinancing their mortgages. But in an election year, the president may not be able to get such legislation through Congress.
In his State of the Union address, the president announced a new special investigations unit to dig into fraud and wrongdoing in the mortgage and banking system in the run-up to the financial crisis and housing market collapse.
In his State of the Union speech, President Obama called for more domestic oil and gas production, saying that "a future where we're in control of our own energy" is within reach, where the nation's security and prosperity would not be so closely linked to unstable parts of the world.
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