Fed holds rates as cuts calm markets after rapid fall
Fed policy makers signaled patience after three 0.25 point rate cuts between September and November aimed at stabilizing markets. Unchanged at 4.75 percent, the funds rate reflects a strong U.S. economy with growth seen at 2 to 2.5 percent next year, while inflation concerns ease and stock prices rebound.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Wall Street
U.S
Fed
Joel Prakken
St. Louis
United States
David Jones
Aubrey G. Lanston & Co
New York
Asia
Latin America
Clinton
State Dept pressures Israel on Wye accords delays
The State Department urged Israel to implement the Wye River memorandum fully and without new conditions as Netanyahu faces early elections. Saeb Erekat said Israel must honor the accord. Clinton praised Arafat while easing push for full statehood. Netanyahu tied delays to Palestinian noncompliance.
MENTIONED IN THIS ARTICLE
State Department
Israel
Washington
Benjamin Netanyahu
Palestinian Authority
Yasser Arafat
Saeb Erekat
Lee McClenny
Wye River
Clinton
Gaza
Arafat
Netanyahua
Palestine Liberation Organization
McClenny
Jerusalem
Netanyahu
GOP clerk quits amid coverup fray in House leadership clash
Washington AP report says House Clerk Robin Carle resigned after an inspector general found misuse of a staff member for personal tasks and a government credit card. Gephardt aide Elmendorf accuses Rep Bill Thomas of blocking delivery of the findings, calling it a coverup. Carle leaves to join the Pharmaceutical Manufacturers Association.
MENTIONED IN THIS ARTICLE
Washington
House
Dick Gephardt
Republican Committee
Robin H. Carle
Gephardt
Carle
Steve Elmendorf
D-Mo
House Oversight Committee
Rep
Bill Thomas
R-Calif
Thomas
Elmendorf
Congress
Associated Press
Inspector General
Pharmaceutical Manufacturers Association
Court Upheld Phone Restrictions Against Bell Companies
The U S Court of Appeals for the District of Columbia ruled 3 0 that a 1996 law requiring big local phone firms to meet standards before long distance service is constitutional The decision preserves tough conditions on BellSouth and the five regional Baby Bells as they enter the $90 billion long distance market, in a government regulator favored outcome.
MENTIONED IN THIS ARTICLE
Washington
U.S. Court of Appeals
District of Columbia
Bell
BellSouth
Also Mentioned on This Page
Naughty
Nice
N. Grandview
Odessa
Weigh of Life
G.R. Albertson
D.O
D.W. Davison
Orf
Charles O
Andrews
The
Preston Weatherly
James Otterness
Virgin Mary
Lord Jesus Christ
God
Jesus Christ
Heb
Odessa American
William
E. 42Nd ST
Cove Kerley
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