Savings bonds to switch to market based rates May 1
The Treasury plans to drop the guaranteed minimum for savings bonds and announce market based rates each May 1 and Nov 1. Bonds held five years or more will earn the higher of the market rate or the current 4 percent minimum. Treasury Secretary Rubin touted the change as investors getting market rates from the start.
MENTIONED IN THIS ARTICLE
Treasury Department
Treasury
Rubin Robert Rubin
Savings Bond
Subway suspect identified amid Tokyo nerve gas attack
A man tied to one of five sarin containers on Tokyo trains is recovering in hospital awaiting questioning as the death toll rises to eight. Officials say 4,695 treated and about 700 still hospitalized while three subway lines resume service after military neutralized the gas.
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Tokyo
Subway
Takashi Yamagishi
Jurors See Sim pson Hand After Defense Display
Jurors watched O J Simpson extend a trembling left hand and show the middle finger as defense lawyers escorted him in court in a cross examination phase. Prosecutors had sought to downplay the celebrity angle by not playing his police interview tape.
MENTIONED IN THIS ARTICLE
Los Angeles
O.J. Simpson
Simpson
Philip Vannatter
Robert Shapiro
Vannatter
Tom
Welfare Reform Battle Heats Up On Hill
Republican leaders push a broad welfare reform plan through Congress addressing school lunches foster care disability aid and cash welfare for single mothers. House Majority Leader Dick Armey says the bill promotes work and two parent families but party unity shows strains as CBO projects at least 66.4 billion dollars in welfare spending cuts over five years.
MENTIONED IN THIS ARTICLE
Washington
House
Dick Armey
Texas
Congressional Budget Office
Weather Outlook Tonight and Tomorrow
Clear and mild tonight with a low between 45 and 55 degrees. Tomorrow looks mostly sunny with temperatures in the lower 80s.
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