New home construction dips in April
Washington AP reports April housing starts fell 2.1 percent to a seasonally adjusted annual rate of 1.97 million, after March's 2.01 million. Despite the drop, economists say the residential construction sector remains healthy, with regional gains in the Midwest, South, and Northeast offset by a sharp 13.7 percent drop in the West. The Dow rose 61.60 points to 9,968.51 as mortgage rates trend upward.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Wall Street
Midwest
Bush Democrats strike deal on judicial nominees
Senate Democrats reach agreement with President Bush to approve 25 noncontroversial district and appellate court nominees and block recess appointments. Bush agrees not to use recess powers while Congress is away, in place until a new president takes office.
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Bush
Dems
Washington
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Democrats
White House
Congress
Circuit Court of Appeals
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Bush taps Greenspan for fifth term as Fed chief
President Bush nominates Alan Greenspan for a fifth term as chair of the Federal Reserve. Bush cites great continuing confidence in Greenspan, whose leadership guided the economy through expansions and recessions since 1987. The nomination aims to reassure markets during the campaign.
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Alan Greenspan
Bush
Greenspan
Wall Street
White House
Fed
Senate
Federal Reserve System
Ronald Reagan
Paul Volcker
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