Fed Keeps Rates Steady Amid Inflation Worries
The Federal Reserve held its key rate at 2 percent for the second straight meeting as inflation worries persist. Fed Chair Ben Bernanke and all but one colleague voted to keep rates unchanged, maintaining the 5 percent prime rate for consumer and business credit lines. Economists expect rates to stay put through September and likely rest of the year.
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Candidates diverge on energy in Ohio and Michigan
Obama blasted Bush era energy policy and Big Oil tax breaks as he spoke in Youngstown Ohio urging a windfall profits tax to fund a $1000 energy rebate while McCain toured the Enrico Fermi nuclear plant near Detroit proposing 45 new reactors by 2030 to cut oil imports and spur jobs with clean energy.
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Gun-control groups fear top activist was NRA spy
A Philadelphia report says Mary Lou McFate, a longtime gun-control advocate and former board member of CeaseFirePA and States United to Prevent Gun Violence, is suspected of working as a paid NRA spy. The Brady Campaign and other groups vow investigations and office sweeps for bugs amid speculation of her double-agent role.
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