Bush Putin call signals dialogue on Borodin case
AP reports a 15 minute Bush Putin call described as a get acquainted session. they discussed Pavel Borodin, the former Kremlin property chief jailed in new york on a Swiss money laundering warrant. a meeting was proposed and both leaders urged ongoing dialogue.
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Kremlin
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Interfax
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New York
Treasury chief delays Clinton tax credit rules for review
Treasury Secretary Paul O Neill postponed the Clinton era rules that would restrict the research tax credit and reopen the comment period through April 2. He cited concerns from taxpayers about lack of review and the burdensome documentation. The credit grants 20 percent of qualified expenditures and is valued by tech pharma and manufacturing firms. Bush seeks to make it permanent in a large tax package.
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Clinton
O'Neill
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R&d Credit Coalition
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Myers
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Fed delivers second 0.5 point rate cut signaling aggressive action
The Federal Reserve cut rates by a half point to 5.5 percent, the second such move in three weeks, aiming to stave off a recession. Markets reacted with a mixed day as Dow rose slightly and Nasdaq fell on profit taking, while borrowing costs eased for Americans.
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Staff director named for energy panel amid Arctic refuge push
Andrew Lundquist, former Murkowski chief of staff, is named staff director of the Senate Energy and Natural Resources Committee. The appointment strengthens the Bush administration energy task force's push for oil and gas development in the Arctic National Wildlife Refuge.
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Frank Murkowski
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Andrew Lundquist
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Senate Energy and Natural Resources Committee
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