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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Feb 04, 2005
Page
12
U S productivity rose 4.1 percent in 2004 marking a three year run of rapid efficiency gains the strongest since the late 1940s. The Q4 rise slowed to 0.8 percent annual rate as Dow slips 3.69 points amid inflation fears and Fed rate hikes.
White House budget director Joshua Bolten describes a budget plan that would keep domestic program increases below the 2.3 percent inflation rate. He notes possible reductions across many programs and highlights a focus on federal priorities and results amid a possible clash with Congress.
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