Fed holds rates at record lows to spur recovery
The Fed kept its target range for the federal funds rate at zero to 0.25 percent and signaled an extended period of low rates to support growth. It noted a stabilizing labor market and increased business spending while warning that high unemployment and weak consumer demand could dampen the recovery.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Stuart Hoffman
PNC Financial Services Group
Hoffman
Freddie Mac
Thomas Hoenig
Federal Reserve Bank of Kansas City
Bernanke to Wage Fresh Battle for Fed Powers
Fed Chairman Ben Bernanke prepared testimony for a House hearing arguing the Fed uses regulator input in rate decisions. He faces Senate bills to strip the Fed of supervision of many smaller banks while expanding oversight of large nonbank firms. The plan would reduce regional banks' duties and keep consumer protections with the Fed, despite administration views.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Ben Bernanke
Senate
Fed
House
Associated Press
Bernanke
Senate Banking Committee
Christopher Dodd
D-Conn
Dodd
Kansas City Federal Reserve Bank
St. Louis Federal Reserve Bank
Obama
Consumer Financial Protection Bureau
Roswell Area Primary Contests Feature Unopposed Seats
Local races show incumbents in Roswell districts 66 57 and 58 seeking re election. Challengers include Michael Trujillo Democrat in district 58 and two Democrats vying for Nora Espinoza seat in district Roundhouse. Other races list Greg Nibert in district 5 and Alfredo Dominguez III George Ortega Jr and James Duffey in district 1. Primary set for June 1.
MENTIONED IN THIS ARTICLE
Ning
Candy Spence Ezzell
Roswell
Michael Trujillo
Nora Espinoza
Roundhouse
Eilen Wedum
Charles A. Berry
Chaves County
Greg Nibert
Alfredo Dominguez III
Eloy Ortega Jr
James Duffey
Dominguez
Roswell City
Duffey
New Mexico State University
Ortega
John Halvorson
Bill Richardson
Will Cavin
Oscar Gonzalez
Eugene de Los Santos
James
Rob) Coon
Eric Coll
Ron Lethgo
Frederick Moran
Census forms urged as worker visits begin
During a Census Committee meeting Chairwoman Judy Armstrong urged prompt form completion. She said starting mid-April census workers will call and visit nonresponding households, adding fewer workers means less disruption for residents and safety of information remains for 72 years.
MENTIONED IN THIS ARTICLE
Judy Armstrong
RISD Reallocates Ground Space for Park and Playground Needs
RISD plans leave room for park use and playground equipment including the south parking lot and sandbox. Engineer Kevin Dillon notes the pavilion’s historic value guiding relocation efforts while outlining funding: 28 percent from general obligation bonds by the school district and 72 percent from state funds for construction.
MENTIONED IN THIS ARTICLE
Kevin Dillon
RISD
Dillon
Roswell plans new school design and bid process
Dillon predicts Wil son and Company will take 10 months to prepare the design for the new school. The district will then invite bids from contractors. Land ready for the city is expected in June 2012 with a typical 12 month construction period and reuse of materials from the old park where possible.
MENTIONED IN THIS ARTICLE
Dillon
Senate rejects earmarks freeze in 68 to 29 vote
The Senate rejected a temporary ban on earmarking spending bills by a 68 to 29 margin with 15 Republicans joining most Democrats. House Republicans had already imposed an earmark ban on party members last week to show reform. Democrats argue earmarks are limited, while supporters say they reflect local needs and proper use of the purse. The debate follows a House Ethics probe into seven lawmakers tied to donations from earmark recipients, though those lawmakers were cleared.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Party of Reform
Congress
House Ethics Committee
Paign
Congressional Budget Office
Obama
Health care battle tightens as Obama faces wavering Dems
The drive to pass Obama health care reform intensifies with $1 million daily ad campaigns by business groups and a $1.7 million TV push by health care advocates. Obama meets Democrats privately at the White House while Pelosi rallies wavering members. Key players include Rep. Bart Stupak pressing a stricter abortion funding firewall and Rep. Dennis Kucinich being courted to vote yes.
MENTIONED IN THIS ARTICLE
Washington
Barack Obama
Obama
White House
House
Dennis Kucinich
Dohio
Kucinich
Nancy Pelosi
D-Calif
Bart Stupak
Michigan
Also Mentioned on This Page
Hoenig
David Wyss
Standard & Poor's
New York
Wyss
Fed Powers
Mattarco
Acone
Roswell-Record.com
Smartin
Appropriations Committee
Daniel Inouye
Hawaii
Sen
Jim DeMint
R-S.c
DeMint
U.S. Chamber of Commerce
Evan Tracey
Kantar Media-Cmag
Health Care For
America Now
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