Fed expected to call cease-fire on rate cuts
The Federal Reserve is likely to hold rates steady, ending a year of easy credit as signs of an economic rebound appear. GDP rose 0.2 percent in Q4 with consumer and government spending strength, while manufacturing shows momentum and consumer confidence rebounds above pre 9/11 levels. Analysts say Greenspan and the FOMC will maintain the federal funds rate at 1.75 percent with the prime at 4.75 percent.
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Fed
Washington
Federal Reserve
Clifford Waldman
Wall Street
U.S
Institute For Supply Management
Conference Board
Melanie Jani
Econo
Salomon Smith Barney
Alan Greenspan
Federal Funds
Federal Open Market Committee
Congress
Greenspan
San Francisco
David Wyss
Standard & Poor's
Bush urges Congress against terrorism and recession threat
President Bush addresses a joint session appealing for unity and tougher action against terror while outlining an economic stimulus package. He cites North Korea Iran and Iraq as an axis of evil and seeks the largest defense boost in two decades with expanded domestic security spending. Democratic and Republican leaders respond with praise and calls for broader measures on pensions drugs and campaign finance limits.
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Bush
Capitol
Enron Corp
Daschle
America
North Korea
Iran
Iraq
Gephardt
Senate
Enron
Dennis Hastert
R-Ill
Mass escape probes as four inmates flee Montague jail
A manhunt expanded across Texas after four inmates including two life-sentence killers overpowered a guard with a homemade knife. FBI Texas Rangers and local police pursued Curtis Gambill Joshua Bagwell Chrystal Soto and Charles Jordan as Montague County weighs security and overcrowding issues following the Monday breakout from the uncertified jail. The escape prompted reassessment of security measures and drew sharp criticism from relatives.
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Montague, Texas
FBI
Texas Rangers
North
Texas
Montague County
Dis
Trict
Tim Cole
Texas State Commission On
Terry Julian
Commission
City Debates Sales Tax Options and Spending Priorities
Garden City commissioners weigh open ended use of a first option for a half cent sales tax reauthorization. They consider funding economic development street repairs and possibly a downtown entertainment district and Windsor Arts Center. Final decision due February 12 on wording and election date.
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Baughman
Windsor Arts Center
Finney County
Schmale
Jeff Whitham
Whitham
Tim Cruz
Snow: Winter on its way to Kansas fields
Farmers weigh snow risks as winter nears with concerns about livestock suffocation in packed noses and road conditions. Merle Witt of KSU Southwest Research Extension Center says snow cover can protect soil warmth and provide moisture when it melts, aiding wheat root development.
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Ryan
Merle Witt
KSU Southwest Research Extension Center
Garden City
One Dead In School Bus Garage Shooting In Ohio
A maintenance worker shot a female school bus driver three times at the Zanesville public school bus garage around 6 20 a m. She was hospitalized in critical condition and the worker then fatally shot himself. No students were nearby and the coroner identified the shooter as the driver’s death. The incident occurred in Muskingum County about 55 miles east of Columbus.
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Zanesville, Ohio
Muskingum County
Zanesville Public
Columbus
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