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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Apr 23, 2004
Page
3
The House passed a measure to speed special elections within 45 days after a catastrophic event, enabling temporary appointments if at least 100 of 435 seats are vacant. The plan, sparked by past attacks, would protect overseas military voting rights and faces Senate uncertainty.
The Labor Department said first time unemployment benefit applications fell by 9,000 to 353,000 for the week ending April 17, signaling a slower pace of layoff cuts amid an improving economy. The report also notes wholesale prices rising 0.5 percent in March driven by food and energy costs, while stock indices climbed with the Dow up 143.93 points to 10,461.20.
Mortgage rates on 30 year fixed loans climbed to 5.94 percent this week from 5.89. Freddie Mac said the move marks the highest level this year and the fifth straight increase since 5.38 percent in mid-March as signs of a recovering economy push bond yields higher.
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