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Roswell Daily Record in Roswell, New Mexico

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

Newspaper

Roswell Daily Record

Location

Roswell, New Mexico, United States of America

Date

Dec 13, 2012

Page

13

Bernanke says fiscal cliff is hurting economy already

Federal Reserve Chairman Ben Bernanke warned the fiscal cliff standoff is weighing on consumer and business confidence and prompting reduced investment. He said a timely budget deal could avert long term damage while the Fed keeps rates near zero and continues an $85 billion monthly bond-purchase program to spur growth. He stressed the impact of tax hikes and spending cuts if allowed to take effect in January.

Washington U.S Federal Reserve Ben Bernanke Bernanke Fed Congress Obama Barack Obama

Fed projects unemployment to stay high for three years

The Federal Reserve released forecasts showing unemployment unlikely to fall below 6.5 percent before late 2015 while keeping short term rates near zero. Growth is seen near 3 percent next year, rising to 3.5 and 3.7 percent in 2014 and 2015, with inflation at or below 2 percent.

Washington Federal Reserve Fed

Congress ends second bag checks on some flights

The No Hassle Flying Act passed the House and goes to the president. It allows TSA to waive rescreening for flights from international airports that install U S equivalent baggage screening. Likely initial airports include 14 sites in Canada Ireland and the Caribbean.

Congress Washington U.S House Transportation Security Administration Canada Ireland Caribbean U.S. Customs and Border Protection Agency United States TSA Senate Amy Klobuchar D-Minn Roy Blunt R-Mo Illinois Joe Walsh John Pistole

Also Mentioned on This Page

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