Sunday Poll Question Information: Obama Outlines Homeowner Bailout on 60 Minutes Interview

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Sunday Poll Question Information: Obama Outlines Homeowner Bailout on 60 Minutes Interview

Dan Garcia

Story Created: Nov 15, 2008 at 9:54 PM CST

Story Updated: Nov 15, 2008 at 9:57 PM CST

(CBS) One of the things he will do as president is create a program to help keep homeowners from foreclosure, says President-elect Barack Obama in his first post-election interview.

Obama and future First Lady Michelle Obama spoke to 60 Minutes correspondent Steve Kroft on Friday yesterday in a wide-ranging interview to be broadcast this Sunday, Nov. 16, at 7 p.m. ET/PT.

Following are excerpts from the interview:

On Helping Homeowners Avoid Foreclosure:

STEVE KROFT: Once you become President are there things that you'll change?

BARACK OBAMA: We have not focused on foreclosures and what's happening to homeowners as much as I would like…We've got to…set up a negotiation between banks and borrowers so that people can stay in their homes. That is going to have an impact on the economy as a whole. And, you know, one thing I'm determined is that if we don't have a clear focused program for homeowners by the time I take office, we will after I take office.

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