Mortgage rates hold at 8.05 percent in Washington
Thirty year fixed mortgages average 8.05 percent this week, unchanged from last week, the first nondecrease in six weeks. One year adjustable rates average 5.30 percent, down from 5.37. Points are not included.
MENTIONED IN THIS ARTICLE
Washington
Federal Home Loan Mortgage Corp
Senate approves bilingual ballots expansion for voting act
The Senate passed a bill 75-20 to extend bilingual ballot requirements under the Voting Rights Act for 17 more years and extend coverage to metropolitan areas with at least 860,000 non English speaking residents. It would require counties with 10,000 or more non English speakers to provide ballots in their language.
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Washington
U.S
Senate
House
White House
Administration
Bush
Jobless Rate Dips to 7.7 Percent in July
The July unemployment rate fell to 7.7 percent as a federal summer jobs program boosted payrolls by 198,000—the largest gain since May 1990—but critics say the improvement is modest and does not signal a full economic recovery. Unemployed totaled 9.76 million, with gains led by services and government hiring while defense and construction remained weak.
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Washington
Bush
Bill Clinton
Congress
Los Angeles
Unemployment data temper hope amid sluggish economy
Analysts said the federally funded program will have little lasting impact on the economy and the jobless rate could rise after it ends in September. John Albertine, head of a Washington forecasting firm, called the recent unemployment dip a tease as the economy remains in neutral with a brake on growth. President Bush acknowledged weakness but saw July job gains as a sign of better days, while Democrats cite sour economy as they seek to regain the White House.
MENTIONED IN THIS ARTICLE
John Albertine
Washington
Bush
White House
EPA invites swap of loud gas mowers for electric to curb smog
The EPA and the National Consortium for Emissions Reductions in Lawn Care offer 1000 volunteers a free cordless electric mower in exchange for their gas powered unit. Mowers will be tested for emissions and performance, with potential big cuts in smog pollutants.
MENTIONED IN THIS ARTICLE
Washington
Environmental Protection Agency
National Consortium For Emissions Reductions
EPA
Consortium
Thomas Kuhn
Edison Electric Institute
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