Fed Cuts Rate Half Point as Wall Street Weighs Next Move
The Federal Reserve cut rates by 50 basis points to 4 percent, the fifth such move this year as economists debate the next step at the June 26-27 meeting. Analysts warn unemployment trends could shape policy, while Treasury Secretary ONeill eyes continued growth later in the year.
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Washington
Federal Reserve
Alan Greenspan
Fed
Tim O'Neill
Bank of Montreal
Harris Bank
O’neill
Wall Street
Dow Jones
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Argus Research Corp
U.S
Treasury
Paul O’neill
Public Television
Greenspan
GOP pushes abortion aid ban in 2002 State bill
House Republicans move to attach an abortion rights aid ban to an 8.2 billion State Department reauthorization. The measure would preserve Bush policy, vetoed by Clinton, and deny funds to foreign groups that discuss or advocate abortion. Debate centers on funding for global family planning and Lebanon aid conditions with Hezbollah concerns cited.
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Washington
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Bush
State Department
Dick Armey
Clinton
House International Relations Committee
Gloria Feldt
Planned Parenthood Federation of America
Lebanon
Israel
U.S
Hezbollah
Tom Lantos
California
Bush backs health plan sparks HMO lawsuit debate
President Bush endorsed a Senate bill by Senators Frist Breaux and Jeffords creating independent medical reviews before filing in federal court and capping punitive damages at 500000. It would cover about 170 million Americans with health plans while facing opposition from insurers and rivals claiming higher costs and loopholes.
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Bill Frist
R-Tenn
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John Breaux
D-La
James Jeffords
R-Vt
Karen Ignagni
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Kansas City
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iSimpl Wireless
18Th
Mass
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Sean
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Main
Ottawa
Emporia
Wiite VolosSean Weltae
Farvee
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Vabastein Wiens Gayman
Creas
Publianas Ang
Vaeaavsam
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