Foreclosure Mess Hurts US, Global Economy

The U.S. housing sector usually leads the rest of the economy out of recession. But that is happening much more slowly than usual in the wake of the latest downturn. That is because the housing industry is burdened by a huge number of bad loans that have caused a financial, bureaucratic, and economic mess. As VOA's Jim Randle reports, problems in the U.S. housing sector are slowing the economic recovery in the world's largest economy, and elsewhere.