President asked to have tax power to stabilize economy
A Washington group urged a constitutional change allowing the President to raise or lower personal and corporate income taxes by up to 10 percent during sudden economic shifts. The plan would let the President act if Congress does not, with Congress designating how the tax adjustments would be implemented and supervised by a new budget mechanism.
MENTIONED IN THIS ARTICLE
Washington
UPL
Committee For Economic Development
Congress
House
Senate
Dollar declines in European exchange markets on weak open
The dollar fell across major European currencies as European markets opened, with slight slips in Germany France Belgium and Britain while Tokyo showed a firmer dollar against the yen. Dealers called the dollar unstable amid light trading and subdued activity in European exchanges.
MENTIONED IN THIS ARTICLE
Lonpon Tupi
U.S
Tokyo
Germany
France
Belgium
Britain
Paria
Paris
Frankfurt
London
Market rally sparks cautious optimism after downturn
The stock market steadied with gains as the Dow Jones average rose about 11.5 points to near 97.58, amid mixed signals from industrial production and the dollar. Analysts cited brief rallies, undervalued stocks, and hope of a bottoming trend despite ongoing volatility and policy concerns.
MENTIONED IN THIS ARTICLE
New York
Europe
Federal Reserve
Chicago
Me Warkel
New Jones
Larry Wachtel
Bacher& Co
Goo Signa
Enming
Bee
Alan Poole
Laidlaw Coggeshall
Dihee
Robert Colin
Paulkner, Dawking & Sullivan
Wachtel
Sid
Also Mentioned on This Page
NEW York Stock Exchange
Momae
York
Daring Ag
Patong
Rommel
Leosbaroas
Lee Edin Hsbitsan
Ian
Consulti
Crew
Tai
Renna
Eraervi
Uae
Jana Liu
Ford
Wonearias Bea
Wits Alpine
Cl Maleate
Bigian
Saehem
Eniaks
Raner
Yingie Renee
Mihara
Mit Analy
Beg
Myers
Ncasah
Fates
Ieee
Sat
Federat
Hoye
HS Atv
Winkelmenst’s
Office of Management and Budget
Treasury
President
Council At Economic Advisers
Mabeenenasun
Odal
DJ Soars
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