Fed weighs another big rate cut to sustain growth
Washington says the Federal Reserve is poised to cut rates for a third time this year to shield the long expansion from a weak manufacturing sector and wary consumers. Analysts split on size, with bets on a three quarter point cut or a half point. inflation remains low and housing and unemployment show resilience.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
U.S
Wall Street
Fed
Federal Open Market Committee
Carl Tannenbaum
LaSalle Bank
ABN Amro
Japan
Tannenbaum
Diane Swank
Bank One
Alan Greenspan
Bush warns of serious energy crisis ahead
President Bush warns of the most serious energy shortage since the 1970s with no short term fixes. California’s rolling blackouts signal wider strain as Cheney led task force pursues long term gains in oil gas and power production. Energy Secretary Abraham warns shortages threaten prosperity and security while regulators push actions to curb price irregularities and boost capacity.
MENTIONED IN THIS ARTICLE
Washington
Bush
California
Energy Task Force
Dick Cheney
Spence Abraham
Abraham
White House
Ari Fleischer
U.S. Chamber of Commerce
Midwest
Fleischer
Congress
West
Senate Defeats Millionaire Amendment On Campaign Limits
The Senate narrowly rejected a bid to eliminate direct party contribution limits for candidates facing millionaires. McCain Feingold push would curb soft money, boost disclosure, and limit issue ads, while rivals argue the plan infringes free speech.
MENTIONED IN THIS ARTICLE
Washington
Senate
John McCain
R-Ariz
Russell Feingold
D-Wis
McCain
Pete Domenici
R-N.m
Domenici
Mike DeWine
Ohio
McCain-Fein
Gold
Mitch McConnell
Feingold
McConnell
McCain-Feingold
Chuck Hagel
R-Neb
Bush pulls Clinton judicial nominees in major reshuffle
President Bush withdraws 62 Clinton era executive and judicial nominations including Roger Gregory, first black appellate judge on the 4th Circuit. Officials say some nominees may be considered for Bush administration posts. Democrats condemn the withdrawals as unfair to qualified candidates.
MENTIONED IN THIS ARTICLE
Washington
Bush
Clinton
Roger Gregory
U.S. Circuit Court of Appeals
Richmond
White House
Scott McClellan
Gregory
U.S
Maryland
North Carolina
South Carolina
Virginia
West Virginia
Julia Payne
Senate
Senate Judiciary Committee
TI Am
Sen
Patrick Leahy
Five States Plan Tobacco Company Lawsuits Over Ads
Five states led by Arizona California New York Ohio and Washington filed suits against R J Reynolds Tobacco accusing violations of the master settlement agreement. They seek court orders including removal of Winston Cup billboards after NASCAR events and action against ads in Rolling Stone Spin Sports Illustrated and similar magazines. Betsy Montgomery Ohio AG said AGs present a unified stand against marketing to children.
MENTIONED IN THIS ARTICLE
Washington
R.J. Reynolds Tobacco Co
Arizona
California
Ohio
New York
Major Tobacco
Betty Montgomery
Winston
Also Mentioned on This Page
Ottawa
Richard Jackson
Tobacco Company
The
Ottawa Herald
Franklin
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