Pentagon to cut B-1B Lancers in 2002 budget plan
Defense Secretary Rumsfeld seeks authority to retire about 30 B-1B bombers, consolidating the fleet at Dyess Texas and Ellsworth South Dakota bases. Sixty or more would be preserved, while two bases would lose B-1B missions, touching Robins Ga and McConnell Kan units. Critics accuse politics in play.
MENTIONED IN THIS ARTICLE
Defense
Donald Rumsfeld
Congress
Air Force
Iraq
Washington
Pentagon
Donald H. Rumsfeld
Rumsfeld
Bush
Texas
South Dakota
Senate
Tom Daschle
Senate Armed Services Committee
Roberts
Fed expected to issue another rate cut
Fed policymakers ready for a sixth rate cut as the economy shows tentative signs of improvement. Economists split on the size, with some predicting a half-point move and others a quarter-point. Tax relief and potential stabilization from rate cuts could boost growth in coming months.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Bush
Fed
Federal Open Market Committee
Lynn Reaser
Banc of America Capital Management
Wells Fargo
Sung Won Sohn
Sohn
Wall Street
Clifford Waldman
Waldman Associates
U.S
Waldman
Federalreserve.gov
House votes to limit Mexican truck access
The House voted 285 to 143 to bar the Transportation Department from issuing permits for Mexican trucks to operate across the United States with 82 Republicans joining 201 Democrats and two independents. The federal trade plan under NAFTA aimed to allow cross border deliveries next January, but the Senate must act. White House aides said the vote marks a first step and Senate action is pending. Mexican President Vicente Fox noted the economy's effect on hopes for prosperity while reaffirming cooperation with Bush.
MENTIONED IN THIS ARTICLE
Washington
Bush
Mexico
House
U.S
Teamsters Union
Transportation Department
United States
Senate
Whé
Texas
Vicente Fox
Associated Press
Congress
NAFTA
White House
Claire Buchan
Martin Sabo
Dminn
Ater
Bridgestone Firestone to close Decatur plant by year end
Bridgestone/Firestone announced a six month notice to shut the Decatur Indiana plant by December 31, affecting about 1,500 workers and contractors. The closure follows a recall of 15 inch ATX and Wilderess AT tires linked to tread failures and fatalities. Company officials cite weak demand and low capacity utilization as drivers of the decision.
MENTIONED IN THIS ARTICLE
Decatur
Bridgestone
Firestone
United States
John McQuade
Firestone Division
McQuade
Also Mentioned on This Page
Ress ‘Lancers
Sabo
Bridgestone/Firestone
Kansas City Power & Light
Kcp&l
Kansas City Power& Light
Ottawa
Opera
Kansas
Emporia
Emporia Motors
Emporia Auto Outlet
West Highway 50
Emporiamotors.ci
Fednesda
Susu
Hmporta Motors
Ine
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