Greenspan says too early to gauge attack impact on economy
Federal Reserve Chairman Alan Greenspan told Congress it is too early to assess the economic damage from the September 11 attacks, though he noted the long term prospects remain strong. He cited Fed rate cuts and mixed early signs of rebound, with travel and hospitality still depressed.
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Administration Rejects Using Adjusted Census Data
The Bush administration rejects releasing statistically adjusted census figures to allocate over 185 billion dollars in federal aid. The decision leaves using raw head counts for Medicaid foster care and other social programs, with Acting Census Director William Barron to announce the ruling.
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House to introduce aviation security bill in split plan
House Republicans propose federal oversight of airport baggage screeners without a new bureaucracy. The bill would require at least one federal security manager per airport while keeping screeners private, aligning with allies in Europe and Israel and backing by President Bush.
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