Inflation rises in November amid weak growth and energy spike
Labor Department data show the Consumer Price Index up 0.8 percent in November led by a 5.7 percent jump in energy. Core inflation rose 0.3 percent as clothing, airline tickets and prescription drugs climbed. The report underscores stagflation risk as growth slows and credit tightens.
MENTIONED IN THIS ARTICLE
Washington
Mark Zandi
Moody’s Economy.com
Labor Department
Federal Reserve
Fed
Dow Jones
Senate approves 286 billion farm bill amid subsidies expansion
The Senate approved a 286 billion farm bill by 79 to 14, expanding subsidies for wheat barley oats soybeans and other crops, adding grants for fruit and vegetable growers, raising sugar loan rates, extending dairy programs, and funding renewables and conservation for five years. President Bush threatened a veto, urging subsidy cuts in a high price period.
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Washington
Senate
Bush
House
Chamber
White House
Senate passes defense bill to aid veterans and troops
The Senate approved a defense policy measure authorizing 696 billion dollars for 2008 military programs and 189 billion for Iraq and Afghanistan. It includes a 3.5 percent pay raise, mental health evaluations within 30 days for combat veterans, protections against military health care fee increases, and three additional years of Veterans Affairs health care for returning troops.
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Washington
Senate
Iraq
House
Bush
Ing
Afghanistan
Pentagon
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Federal Housing Administration
THE
Associated Press
Senate blocks CIA interrogation bill amid security debate
The Senate blocked a bill requiring CIA interrogations to follow the Army field manual banning waterboarding and harsh methods. The measure, tied to 2008 intelligence funding, faced House approval a day earlier before final action.
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Senate
Republicans
CIA
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Odessa
Texas
Kenneth W. Higgins
D.D
Michelle Anderson
Faudree Road
Andity
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U.S.A
Eee
Wisi Wate
Okubota
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