Federal regulators on Tuesday approved the largest ever expansion of wireless Internet access, unanimously backing a controversial plan to allow a new generation of devices to use the empty airwaves between television channels to go online.
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Federal officials moved closer Wednesday to guaranteeing as much as $500 billion in mortgages after they are modified to make them more affordable to homeowners, part of the multifront battle to resuscitate the country’s flagging economy.
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As Federal Reserve chairman, Alan Greenspan testified before Congress on dozens of occasions over almost two decades.
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Although American corporations have been under intense financial strain in recent months, there is one category of spending they haven’t cut back on: lobbying and campaign contributions to influence government policy.
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WASHINGTON – Noting “unusually large” uncertainty continuing to shroud the economy because of the financial crisis, Federal Reserve Chairman Ben
S. Bernanke told Congress today it should consider another stimulus package to jolt spending and expand access to credit for consumers and businesses.
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NEW YORK –The economy’s health improved for the first time in five months in September as supplier deliveries and new orders strengthened, a private research group said Monday.
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The global financial crisis has forced world leaders to do almost unimaginable things in recent weeks, including buying up near-worthless securities and forcing tax dollars on reluctant lenders.
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Amid fresh signs that the nation is in recession – and yet another jaw-dropping decline in the stock market – Congress is gearing up to enact a new economic stimulus plan to help ordinary Americans.But getting quick bipartisan agreement and White House support to help consumers is far from certain.
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Republican John McCain was on the attack during much of the final presidential debate, assailing Democrat Barack Obama for ties to William Ayers, a Vietnam-era radical, and
ACORN, a liberal-leaning group whose voter registration efforts have come under scrutiny.
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WASHINGTON – Bush administration officials today unveiled a dramatic partial nationalization of the
U.S. financial system, a series of “unprecedented and aggressive steps” to pour at least $250 billion into the banking system and expand federal insurance protection in the largest government intervention since the 1930s.
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