Obama Proposes Cuts In Corporate Tax Rates04:25
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President Barack Obama waves as he boards Air Force One, Wednesday, July 24, 2013. (Cliff Owen/AP)
President Barack Obama waves as he boards Air Force One, Wednesday, July 24, 2013. (Cliff Owen/AP)

U.S. home prices continue to surge. The Standard & Poor's/Case-Shiller index out today shows a 12 percent increase in May compared to a year ago.

Low interest rates and an improving job market are boosting demand for homes and driving prices up.

President Obama is out with a plan that he says will improve the job market even more. The president is touring an Amazon distribution center in Chattanooga, Tenn. to announce a so-called "grand bargain" to overhaul the corporate tax system.

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This segment aired on July 30, 2013.

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