Greenspan pledges Fed openness amid debt paydown push
In Senate confirmation testimony Greenspan urged more transparency at the Federal Reserve while backing use of rising surpluses to cut the national debt. He favored sticking to or modestly raising spending caps, declining to endorse tax cuts, and noted market watch on margin borrowing as rates likely edge up.
MENTIONED IN THIS ARTICLE
Washington
Alan Greenspan
Federal Reserve
Senate
Greenspan
Clinton
Congress
Wall Street
America
Phil Gramm
Texas
Gramm
Hatch Ends Presidential Bid and Backs Bush
Sen. Orrin Hatch withdrew from the presidential race after a 1 percent Iowa showing and endorsed George W. Bush. Hatch said Bush can unite the party and advance tax cuts and education, speaking at the Capitol with his wife Elaine. Bush called the endorsement significant as they shared the campaign trail. Hatch plans to return to Utah and seek a fifth Senate term, while Jan Graham predicted no impact on his home bid.
MENTIONED IN THIS ARTICLE
Washington
Sen
Orrin Hatch
George W. Bush
Hatch
Bush
White House
Capitol
Elaine
New Hampshire
Iowa
John McCain
Utah
Senate
Jan Graham
Greenspan Says Fed Wary Of High Stock Margin Use
Fed Chairman Alan Greenspan said the central bank worries about high levels of borrowing by investors to buy stocks and has been studying the issue. The Fed has been reluctant to tighten margin limits, which generally cap borrowing at 50 percent, and has not changed rules since 1974.
MENTIONED IN THIS ARTICLE
Greenspan
Fed
Sen
Charles Schumer
D-N.y
Clinton
Central Bank
Ronald Reagan
Paul Volcker
George Bush
Senate
Washington
Alan Greenspan
Federal Reserve
Senate Banking Committee
Charles
Schumer
Wall Street
Brokers
Also Mentioned on This Page
Mark Zandi
Regional Financial Associates
West Chester
Andrewe
IK Mulch
Avikar
E. 8Th Street
Odessa
Gadasalli
W. 4Th St. Ste
Denver
Dallas
Permian Basin
Aprotex Corporation
Kent Kwik
Chase Bank
Kent Kotak
EOE
42Nd Street
Golden Corral
Midland
Midkiff Rd
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