President Obama holds up his jobs bill as he speaks at North Carolina State University in Raleigh, N.C., on Sept. 14. The president returns to North Carolina on Monday to drum up support for his proposals and for his re-election campaign.
Realtor Lee Brown says Charlotte, N.C., has a whole community of "starter castles" that were built during the housing boom. One foreclosed home is expected to go for about half the value it had in 2007.
President Reagan signs the Tax Reform Act of 1986. The bipartisan reform shifted a large part of the tax burden from individuals to corporations and also exempted millions of low-income households from federal income taxes.