Recession outlook clouds Fed rate hopes in recession talk
The Associated Press reports that Alan Greenspan warns the risk of a near term recession is lower, while inflation around 4.5 percent remains. Markets doubt rate cuts soon as traders see stubborn inflation outweighing growth benefits. The Bush plan emphasizes growth, deficit reduction, and lower debt costs, with the Fed easing only modestly to date.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Alan Kreenspan
Financial
Greenspan
Lessay
Congressional Joint Economic Committee
Esi Mila
New York Stock Exchange
Bruce Steinberg
Meraime Bush
Bush
Fed
Bush budget plan clouds upbeat State of the Union text
President Bush maintained a high job approval while unveiling a 1.2 trillion dollar budget. The plan hikes money for education space environment and drugs but cuts Medicare college loans mass transit and farm subsidies. Education initiatives include 230 million more for states to boost science and math teaching and a 100 million rise for NSF education programs to 460 million. The White House warned against inflated expectations and emphasized continued reforms in Eastern Europe.
MENTIONED IN THIS ARTICLE
Reagan
Sununu
Bush
White House
Stu
National Science Foundation
Laura F. Cavazos
Nde
U.S
Europe
United States
Tax deadline row prompts extension debate in county offices
County taxpayers faced a MLK holiday conflict when offices closed on deadline day sparking protests and long lines at the treasurer's office. Senators discussed a two day extension as county officials weigh a fix with late charges complicating timely payments. Margie Plunkett seeks correction from Sen Moore amid the dispute.
MENTIONED IN THIS ARTICLE
Sen. Moore
Aiken
Margie Plunkett
December Index of Leading Indicators Rises 0.8 Percent
The Index of Leading Indicators rose 0.8 percent in December, following a 0.1 percent gain in November and a 0.3 percent decline in October. It remains the strongest rise since last April, signaling the economy may avoid a formal decline in growth despite overall weakness.
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The
Associ
Ed Press
Alan Greenspan
Congress
Panama
Manuel Antonio
Tango
Mark &2 Cater
Imervad
Oman It
Eeeee
Aiken County Taxpayers
P.O. Box
S.C
Heritage Foe
Rhodes-Murphy
CSRA
Aiken Kalmia Plaza
Pine Log Rd
New Ellenton Main St
Index of Leading Indicators
Pine Log Road
Aiken, South Carolina
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