1.The Federal Reserve says its opening a new front in its battle to lift the country out of recession. It announced today that it will buy up to 300 billion dollars in long term Treasury securities over the next six months. 2.The head of financially...
1.President Barack Obama and his economic team are taking a cheerier tone on the economy while making about ten billion dollars in federal loans available to struggling small businesses. The White House economic team hopes to build confidence in the...
1. The president's chief economic adviser calls the tens of millions of dollars in new bonuses paid out by AIG outrageous. Larry Summers says these kinds of bonus payments should be a matter of future regulations. AIG has gotten more than 170 billio...
1. President Bush says its obvious the economy is going through a tough time. He wants the country to be optimistic about the future with unemployment low, productivity high. On Wall Street, stocks tumbled, the Dow giving up about 195 points. 2. By...
1. A change at the top in New York. Lieutenant Governor David Paterson is taking over for disgraced Governor Eliot Spitzer. In a press conference, Paterson said if legislators can pass the budget on time, the state will be back on track. 2. A teenag...
.New York Governor Eliot Spitzer is giving late-night comedians plenty of material, but in political circles no one is laughing. The State Assembly leader says if Spitzer doesn't resign over a call-girl scandal, he is ready to call for an impeachmen...
1.As expected, the federal budget deficit is climbing skyward. Its hit 765 billion dollars in just the first five months of the fiscal year and its well on its way to the administrations projection of 1.75 trillion for the whole year. The blame goes...
1. President Barack Obama is announcing a wide-ranging education policy that embraces merit pay for teachers and a longer school day and year. He also wants to end limits on charter schools. 2. Police in Northern Ireland say they have two suspects i...
1.President Barack Obama calls his decision to lift restrictions on funding for stem cell research a difficult and delicate balance. The order Obama signed today aims to increase research into cures for paralysis and other ailments, though he notes...
The pastor of a suburban Saint Louis church dead after a gunman opened fire in the middle of a Sunday service.Police said minister deflected one bone as the Bible before the re-struckened the chest. Two other were slashed as they wrestled the shoote...
