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Ottawa Herald in Ottawa, Kansas

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Ottawa Herald

Location

Ottawa, Kansas, United States of America

Date

May 07, 2003

Page

6

State aid splits on Senate tax cut efforts

Senate leaders remain divided over including state aid in the $350 billion tax cut plan. Frist backs some aid but rejects the $20 billion level sought by advocates. Collins and Snowe press for fiscal relief to states while Grassley’s dividend tax plan draws opposition. The bill’s fate hinges on budget limits and revenue offsets as debate resumes Thursday.

Washington Senate Bill Frist Frist R-Tenn House White House Ari Fleischer Congress Maine Susan Collins Collins Olympia Snowe GOP Senate Finance Committee Charles Grassley Rtowa Otal Showe Grassley Snowe

Federal bid system hurts small business

Federal investigators fault the contracting system for favoring large firms. GAO testifies that small business awards are miscounted, with databases listing non qualifying firms as small. Five large contractors received over 1.1 billion in FY2001, of which 460 million counted as small awards.

Washington Federal Congressional General Accounting Office GAO House Small Business Committee Congress’ Investigative Agency David Cooper Donald Manzullo R-Nl Committee Small Business Administration SBA Sue Hensley Lloyd Chapman Ransec Pista Anes Microcomputer Industry Suppliers Association Chapman

Fed Holds Rates as Deflation Fears Grow

The Federal Reserve kept rates steady at a policy meeting but opened the door to a June cut amid worries the postwar economy may fail to rebound. Analysts say a rate reduction could come next month with potential further moves in August as deflation threats loom, while Japan’s prolonged slump underscores global risks.

Washington Federal Reserve Alan Greenspan Federal Open Market Committee United States Sung Won Sohn Wells Fargo Fed

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