Fed reports slight factory gain but slow jobs growth
The Fed says factory activity rose in 11 of 12 regional districts in January and February, while job growth remained slow. A Business Roundtable survey shows 33 percent of CEOs expect to hire in six months, 22 percent plan layoffs, and 45 percent foresee no change, signaling cautious optimism for a rebound. Strong spending in general merchandise across regions offsets mixed regional results.
MENTIONED IN THIS ARTICLE
Washington
Fed
Association
America
U.S
Hank McKinnell
Business Roundtable
Pfizer Inc
Cleveland
Bush
Hillary Rodham Clinton
D-N.y
St. Louis
Fed reports mixed regional outlooks across districts
The Fed notes regional sales perspectives from New York to Dallas show moderate growth in several districts while others see solid demand. Retailers in Cleveland report sales meeting or beating expectations, and Atlanta notes February moderation but year over year gains. Auto sales slowed nationwide in Jan Feb, while services expanded with Boston and St Louis highlighting stronger IT services demand.
MENTIONED IN THIS ARTICLE
New York
Richmond
Dallas
Boston
Philadelphia
Chicago
Minneapolis
Kansas City
San Francisco
Cleveland
Atlanta
Fed
St. Louis
GOP Senate budget targets deficit cut and Iraq funding
The Senate Budget Committee debates a Republican 2005 budget claiming to halve the deficit in three years if Congress approves 30 billion for Iraq. The plan trims defense and domestic spending, eschews Bush’s program eliminations, and signals higher Pentagon and domestic outlays as full Senate votes loom. Democrats fault the plan for insufficient deficit reduction and for masking longer term deficits by a five year window.
MENTIONED IN THIS ARTICLE
GOP
Senate
Iraq
Washington
Senate Budget Committee
Congress
Bush
U.S
Don Nickles
R-Okla
Nickles
Pentagon
Fuel-cell chief says budget meets needs
Washington AP reports the head of the federal fuel cell initiative defends Bush 2005 budget at $227 million for fuel cell R and D. He says wind and other renewables remain funded. lawmakers worry transfers from other programs. Analysts urge more basic science and continued support for renewables and hybrid vehicle research.
MENTIONED IN THIS ARTICLE
Washington
Bush
Sherwood Boehlert
Rn.y
House Science Committee
Vernon Ehlers
R-Mich
David Garman
Garman
National Academy of Sciences
American Physical Society
Peter Eisenberger
John Larson
Dconn
Larson
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Federal Reserve
Federal Reserve Board
Region
Lape
Obust
Avnands
Source
The
National Academy of
Bealls
Tan Aly VA
Oncaeare
Sandian
Holiday Country Villa
Texaco Exploration and Production, Inc
Dba
Four Star Oil and Gas Co
Texas Commission On Environmental Quality
TCEQ
Headlee
Odessa
Ector County
Texas
SUN River
Orig
Aay Ee
CMS Em Em Ee
Rees
Sale
Tops & Capris
Rebecca Malone
Hannah
Levi's’ Dockers
Sag Harbor
Bea Beeet
Eee Unc
Aeg
Knit
Energie
Mors
S-M-L
Selec
Music City Mall
Live Oak Plaza
West County Plaza
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