Fed expected to cut rates again to spur growth
Analysts foresee a bold half point rate cut by the Fed led by Greenspan after his Congress testimony warned that growth is near zero. The FOMC meeting could lower the federal funds rate from 6.0 to 5.5 percent with further cuts likely to 5.0 percent by May or June, followed by a lower prime rate.
MENTIONED IN THIS ARTICLE
Fed
Greenspan
Washington (Ap
Federal Reserve Board
Alan Greenspan
Asser
Congress
Mark Zandi
Economy.com
Federal Open Market Committee
Washington
Zandi
Wall Street
Senate Budget Committee
Sung Won Sohn
Wells Fargo
India quake death toll may reach one hundred thousand
An earthquake in Gujarat with magnitude 7.9 leaves officials counting 6,444 dead and 16,557 injured. Defense Minister George Fernandes estimates up to 100,000 fatalities amid massive relief efforts, with widespread destruction in Bhuj and Anjar. Red Cross mobilizes aid and a Pakistani relief plane delivers tents and blankets.
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Anjar
India
Red Cross
Gujarat
Defense
George Fernandes
Bhuj
Haren Pandya
President proposes plan to cover prescriptions for needy seniors
President Bush introduces Immediate Helping Hand to subsidize prescription drug costs for low income seniors via state programs, with four year expiry or pending broader Medicare overhaul. He aims to ease elderly medication access while pushing religious grants and tax incentives, but faces criticism over scope and church-state concerns.
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Bush
Congress
House of Senate
Tom Lewis
District of Columbia
Capitol Hill
Pete Stark
D-Calif
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Associated Press
Western India
Vi Brougher
Tal
Taylor
Water and
S Qanaral
Welinda Hite
Garden City
Kansas
City Trust
Jos
Finnup Trust Fund
Wal-Mart
ISTEA
General
Wer Utility
Ewage Maintenance
Ewage
Recreation
Airport General
JJA
Commerce Bank
Western State Bank Security Savings and Loan
Home National Bank
Citizens State Bank Stockgrowers State Bank
Garden City State Bank
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