President Obama's new plan to help as many as nine million struggling homeowners stay in their homes by helping them refinance their mortgages or prevent foreclosure.
Still, many cautioned that it won't end the foreclosure crisis, and millions of homeowners won't be eligible to receive help.
Government Gives Helping Hand to Refurbish Berlin Opera The German federal government has refused to take over Berlin's famous and cash-strapped state opera house "Unter den Linden," but it will pay for major renovation costs.
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strapped Show phonetics
adjective INFORMAL
strapped ━━ a. 革ひもでくくりつけた; 〔話〕 金がない, 困窮している.not having enough money:
I'd love to come to Malaysia with you, but I'm afraid I'm a bit strapped (for cash) at the moment.
cash-strapped Show phonetics
adjective
not having enough money:
cash-strapped universities
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