- Making News: Fed Expected to Boost Key Interest Rate
As we go on the air, it has not happened yet, but it's widely expected that the Federal Reserve will raise a key interest rate today to its highest level in five years. Michael Mandel, chief economist for BusinessWeek magazine, assesses the likely impact of what is expected to be predicted quarter-point boost on the economy and stock market. - Reporter's Notebook: Can Democrats Capitalize on Bush's Bad Poll Numbers?
The latest New York times/CBS News poll shows President Bush's approval rating at a new low of just 31 percent, tying with his father just four months before George H. W. Bush lost his bid for re-election. The findings come just six months before the next midterm election, with Republicans trying to hold on to majorities in Congress. Can the Democrats take advantage? Michael Tomasky is editor of the American Prospect.
Federal Reserve announces quarter-point rate hike
BusinessWeek article on increase in interest key interest rate
World Bank on pending Palestinian fiscal crisis, remedies
Quartet statement on temporary resumption of aid to Palestinians
Office of Foreign Assets Control on transactions with Hamas-led Palestinian Authority
Weisman's article on US softening its position on Palestinian aid
Morris' article on recent violence in Gaza