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Tag: american
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Just weeks before the government's fiscal year ends Sept. 30, the nonpartisan Congressional Budget Office on Tuesday projected a near-record federal budget deficit of $407 billion, sharply higher than White House projections six weeks ago and more than double last year's figure. Mammoth federal-budget deficits feed inflation, make America dependent on foreign lenders, cost taxpayers hundreds of billions of dollars in interest payments on the growing national debt and drain capital savi... Read More
John McCain says Sarah Palin is a solid running mate because she's "in charge of 20 percent of America's energy supply" as Alaska's governor, she has served as a mayor and the voters in her state have thoroughly evaluated her. The Republican presidential nominee also told ABC News, in an interview Wednesday, that his running mate is capable in foreign policy matters in part because "Alaska is right next to Russia." By contrast, McCain says, Democrat Barack Obama's accomplishment... Read More
Stocks closed Wednesday's session mixed, at the end of a choppy session, after reports that Moody's may lower the credit ratings of two key bond insurers overshadowed some upbeat economic data and lower oil prices. The Dow Jones industrial average (INDU) and the broader Standard & Poor's 500 (SPX) lost a few points, while the Nasdaq composite (COMP) ended roughly 1% higher. Stocks opened lower but rallied after a report showed moderate expansion in the services sector. The m... Read More
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