Debate over debt mounts as deficits soar in peacetime
Washington weighs how fast to cut the record national debt. CBO updates its 2010 outlook as deficits top 1.3 to 1.42 trillion this year. Hawks urge immediate action. liberals warn against choking the economy. Experts warn debt may slow growth even with stimulus, noting 89 percent debt-to-GDP and global finance links.
MENTIONED IN THIS ARTICLE
Washington
United States
Congressional Budget Office
Ronald Reagan
U.S
America
McClatchy
Kenneth Rogoff
Harvard University
Carmen Reinhart
University of
Banking execs urge government to back mortgages
Notable banking executives urged the government to retain a large role in backing the mortgage market as the Obama administration invited input on reforms. While opinions varied on the level of support, the group generally favored government involvement in the roughly $11 trillion market. Postal products sold at Office Depot
MENTIONED IN THIS ARTICLE
Banking Execs
Obama
Market snapshot shows gains across Dow, Nasdaq and S&P
Tuesday markets show Dow up 103.84 to 10 405.85 while Nasdaq climbs 27.57 to 2 209.44 and the S&P 500 rises 1316 to 1092.54. The 30 year Treasury yields 3.77 percent. Corn at 725 cents, soybeans at 10.42, wheat at 6.77, and oil at 76.16 a barrel.
MENTIONED IN THIS ARTICLE
Dow Industrials
S&p
Chicago
Kansas City
New York
Retailers trim costs as shoppers hold back spending
New York AP reports Walmart, Home Depot and Abercrombie & Fitch posted rising profits from cost cutting and lean inventories while consumer confidence sinks. Analysts warn weaker demand may pressure results for the rest of the year. Walmart targets basics and smaller packs as aid checks arrive, Home Depot flags weak spending, Saks shifts to affordable accessories to refresh wardrobes.
MENTIONED IN THIS ARTICLE
New York
Walmart
Home Depot
Abercrombie & Fitch
Home Depot Inc
Saks
Also Mentioned on This Page
Maryland
Latin America
Japan
Rogoff
U.S. Postal Service
Mary Altaffer
Fifth Ave
Saks Inc
Maye
Google
Mike
Montana
Lowa
Lawrence
Toyota
Miles Schnaer
SCION
Crown Toyota
Todd Reesing
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!