Jan 17, 2008 4:53 am US/Pacific
Tied Obama, Clinton Reach Out To Calif. Homeowners
(CBS13)
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Presidential hopefuls Sens. Hillary Clinton (l) and Barack Obama.
AP, Justin Sullivan/Getty Images
Barack Obama and HIllary Clinton are both campaigning heavily today for California votes.
The differnce today, Obama has taken an astonishing leap in the polls and he's now virtually tied with Hillary Clinton.
The latest Reuters Zogby national poll shows Clinton and Obama in a statistical tie, just one point away from each other.
That is a huge jump considering two months ago he was 21 points behind her and then 8 points in the last poll.
Obama will be campaigning in the Bay Area today.
He's touting a plan he says will bring relief to millions of Californians struggling with the mortgage crisis.
Obama will be explaining the details of his $75 billion solution to the mortgage crisis.
He and Clinton are both trying to win voters over with their relief plan.
Both plans basically have the same goal, just different ways to get there.
Obama's $75 billion plan calls for $10 billion to go to counseling families that are facing foreclosure.
Also tax cuts for about 850,000 California families who can't pay their mortgage.
Plus a plan to crack down on shady lenders tricking consumers into higher rates.
Clinton's $10 billion plan a little different.
She's calling for a 90 day freeze on adjustable rate mortgages.
A plan to keep homeowner's monthly payments from increasing for five years.
And billions of tax payer funded money to go to cities, counties, and states to help with foreclosures.
Clinton will be in Southern California today. Tomorrow she heads to Nevada to campaign before this Saturday's democratic primary.
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