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(Studio: Katie Couric) The Federal Reserve Board’s decision to lower interest rates by ¾ percent noted; Stock Market Report.
(New York Stock Exchange: Anthony Mason) The emergency rate cut examined; details given about panicked stock selling overseas and the impact of the housing crisis on the economy and banks; Dow and NASDAQ figures cited. [Standard and Poor’s economist David WYSS, Mogavero Lee and Co. Doreen MOGAVERO- react to the Fed’s move.] [Economist Robert HANES- comments on problems for investment insurers like Ambac and MBIA.] The impact of the Fed’s move on the average person discussed.
(Studio: Katie Couric) Report introduced.
(White House: Bill Plante) The government’s proposed economic stimulus package outlined. [President BUSH – comments on finding common ground to boost the economy.] [Speaker of the House Nancy PELOSI – says we will have a bipartisan agreement.] [CBO Peter ORSZAG- comments on the challenge to issue tax rebate checks.]
- Couric, Katie;
- Mason, Anthony;
- Plante, Bill
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