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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jan 18, 2007
Page
10
The December report shows industrial production up 0.4 percent and the Producer Price Index rising 0.9 percent, signaling easing inflation as the Fed aims for a soft landing. Energy costs eased overall, with wholesale prices rising 1.1 percent for 2006, the smallest since 2001.
A Senate Finance Committee vote approves tax relief for small firms that hire welfare recipients and difficult-to-hire workers, aligning with a forthcoming floor debate on boosting the federal minimum wage to 7.25 per hour. The measure includes anti loophole provisions and limits on executive deferrals.
The Justice Department says a secret panel of federal judges, the Foreign Intelligence Surveillance Court, will approve wiretaps under the Terrorist Surveillance Program. The White House notes new guidelines address speed and agility, and the president will not reauthorize the program.
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