Greenspan warns deficits threaten long term stability
Federal Reserve Chair Alan Greenspan told a Chicago banking conference that huge federal budget deficits imperil the nation’s future economic stability. He urged entitlement reform for Social Security and Medicare and warned markets cannot easily correct the yawning deficits. He criticized political circles for avoiding benefit cuts and warned of rising interest rates if deficits persist.
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Washington
Federal Reserve
Alan Greenspan
Bush
John Kerry
Greenspan
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Federal and State Gaps in Women’s Health Study
A Washington AP report notes federal and state governments score poorly on women’s health, meeting only two of 27 federal health measures. Mammography uptake is one of the two positives. screening, treatment, smoking cessation, and early prenatal care are flagged as inadequate. Judy Waxman of the National Women’s Law Center calls the outlook not good.
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Washington
Judy Waxman
National Women’s Law Center
30 year mortgage rates hit eight month high
The Freddie Mac survey shows 30 year fixed rate mortgages rising to 6.12 percent this week, the highest since eight months ago. The seven straight weekly increase signals stronger economy momentum and fuels expectations the Fed may raise short term rates in summer, perhaps as early as August.
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Fed
Freddie Mac
Federal Reserve
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