Fed silent on leak about discount rate talks
Washington sources report the Federal Reserve kept quiet amid a leak of confidential deliberations on discount rate requests from eight of its twelve regional banks. Private economists call the disclosure unprecedented and say the Fed would carefully review internal processes and possible investigations.
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Joseph R. Coyne
Reuter
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Alan Steenspan
Congress Struggles With Clock In 1997 Budget Fight
Washington faces a tight deadline as Republicans push to finish 13 appropriations bills, with a $126 billion transportation measure already approved. Senate leaders blame each other as talks center on the continuing resolution to prevent a shutdown and fund health care, education, anti terrorism and other programs for fiscal year starting Oct. 1.
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Trent Lott
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D-S.d
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Rla
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