Fed signals modest pullback as economy strengthens
The Federal Reserve plans to reduce its monthly bond purchases by 10 billion dollars starting in January while keeping rates near zero well past the 6.5 percent unemployment threshold. Chairman Bernanke announced the move in his final news conference, signaling confidence with continued support if gains persist and inflation remains low. Wall Street welcomed the policy as the economy shows signs of solid improvement.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
U.S
Fed
Ben Bernanke
Bernanke
Wall Street
Budget deal clears Congress and averts deeper cuts
Congress approved a bipartisan budget bill to scale back sequestration cuts across the Pentagon and national parks. President Obama is set to sign, ending a year of gridlock and potentially reshaping 2014 election dynamics. The measure, negotiated by Sen. Patty Murray and Rep. Paul Ryan, prevents about 63 billion in across the board cuts and halves the originally planned reductions for 2014 and 2015.
MENTIONED IN THIS ARTICLE
Washington
Congress
Barack Obama
Pentagon
National Park System
Obama
Senate
House
White House
Arkansas
Sen
Mark Pryor
Tom Cotton
Patty Murray
Dwash
Paul Ryan
R-Wis
Grams
Review Board
Presidential task force calls to curb NSA sweeping powers
A White House task force urges limits on surveillance including court sign off on phone record searches and moving data storage from the NSA to phone companies or a third party. It calls for prior judicial findings, tighter use of national security letters, independent reviews, and presidential approval of sensitive methods, especially in allied nations.
MENTIONED IN THIS ARTICLE
NSA
Washington
National Security Agency
United States
Foreign Intelligence Surveillance
Germany
Richard A. Clarke
Education Department awards 120M to districts
The Education Department will fund five district groups with 120 million in grants to pilot the pairing of high school diplomas with associate degrees. Each student will receive a take home laptop, and teachers will be retrained for self paced learning. Winners include Houston Independent School District and the Kentucky Valley Educational Cooperative, with grants of about 30 million each, plus Springdale in Arkansas, a 25.9 million award, and Clarendon County South Carolina, near 25 million. Mississippi’s Clarksdale Municipal will receive 10 million.
MENTIONED IN THIS ARTICLE
Washington
Education Department
Arne Duncan
Duncan
Barack Obama
Houston Independent
Kentucky Valley Educational Cooperative
Arkansas
Springdale
South Carolina
Clarendon County
Mississippi
Clarksdale
Stocks Soar As Fed Cuts Stimulus On Jobs Strength
The Fed trimmed its stimulus, citing a stronger jobs market and improving economy. The Dow jumped nearly 300 points on Wednesday as investors welcomed less fuel but a robust market, with analysts calling the move a vote of confidence in the economy.
MENTIONED IN THIS ARTICLE
Fed
New York
Federal Reserve
Amer
Ica
Central Bank
Kristina Hooper
Allianz Global Investors
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DAL Group Fixed Income Specialists
DAL Group LP
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Finra & Sipc
David and
Darrin Loesch
Dloesch
Drigroup.net
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Angel's Foot Careinese
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Odessa
Esus
Lovell
Liz
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Afarnunhoage & Gfe
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Igranite
Mareli
Sanatt Souare
A . Omnitre Oo
Mickey D. Thomas
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Burger King
Janome
Grandview Odessa
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