reporter: ted costa says lawmakers pay would drop from $794 a month to $1,500 and they would drop from $7,940 a month to $1,500 and would have to adopt a balanced two-year budget by june 15 or forfeit their pay each day it s late. their way would drop from $7,940 a month to $1,500 a month. some people oppose it but they might agree to it. i don t see them being able to accomplish something on a part-time basis. various people will oppose it but they see a time when state business will be conducted by realtors and maybe that s my hope that that will happen, okay? reporter: but political consultants say it doesn t work that way. this one was a part-time legislator in new hampshire where he says the average age is 62 and they don t have much power. lobbyists and special interests really run the place because they are the only ones with the experience and knowledge of how things get done. farmers. reporter: the same people championed prop 13 making english the of
to help millions of homeowners hurt by the housing collapse. good afternoon, i m grace lee. hi, everybody. i m frank mallicoat. 49 states agreed to the deal with the nation s biggest mortgage lenders and the number is big, $25 billion. that s right. it is a result of foreclosure abuses that took place after the housing bubble burst. anne makovec tells us what that means for millions of people struggling to cope their homes. anne. reporter: grace, the deal is mainly for homeowners under water right now. but it will offer some help to people who have already had their homes foreclosed. of that $25 billion involved in the deal, looks like more than up to $18 billion, more than half, is coming here to california. the settlement forces the nation s biggest banks to offer help to struggling homeowners part of a government move to hold banks accountable for abuses that fueled the collapse of the housing market. five banks agreed to a deal worth at least $25 billion. americ