President Obama meanwhile is set to unveil a $50 billion foreclosure prevention plan later today. The program would offer government money to mortgage companies that let borrowers restructure loans. The plan also reportedly grants bankruptcy judges greater leeway to change mortgages and lets homeowners refinance loans if they owe more than their home is worth. The expected announcement comes one day after Obama signed the economic stimulus bill into law at a ceremony in Denver.

President Obama: “And what makes this recovery plan so important is not just that it will create or save three-and-a-half million jobs over the next two years, including 60,000-plus here in Colorado, it’s that we’re putting Americans to work doing the work that America needs done, in critical areas.”