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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Dec 08, 2009
Page
4
President Obama urged tapping leftover TARP funds to spur job creation while ensuring small business lending stays intact. He cited a lower estimated cost of the bailout and signaled selective use of repayments to reduce deficits and accelerate employment without abandoning bailout goals.
Stocks ended barely higher after an intraday rise sparked by Federal Reserve Chairman Ben Bernanke’s comments that rates would remain low. The Dow rose slightly to 10,390.11 while the S&P 500 slipped to 1,103.25 and the Nasdaq 2,189.61 as the dollar weakened briefly before reversing. Oil closed at 73.93 a barrel.
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