Politics News
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Too Early to `Declare Victory' as Housing Revives, Donovan Says
Home sales, showing new signs of life two years after the credit crunch drove down home prices, must gain more ground before policy makers can “declare victory,” Housing and Urban Development Secretary Shaun Donovan said.
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Obama May Seek Permanent R&D Credit in Economic Proposals
President Barack Obama may include a permanent extension of the research and development tax credit among the tax breaks for businesses he is contemplating to spur job growth, two congressional aides said.
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Netanyahu, Abbas Vow to Seek Mideast Accord as Settlements Shadow Talks
Palestinian Authority President Mahmoud Abbas and Israeli Prime Minister Benjamin Netanyahu agreed to resume peace talks in two weeks even as a dispute over West Bank settlement building threatens to undercut the effort.
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Obama Pledges New Measures Next Week to Boost U.S. Economic Growth, Hiring
President Barack Obama promised to roll out “new ideas” to boost growth and spur hiring this week as he embarks on economy-focused trips to the Midwest with less than two months until congressional elections.
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KEY RATES
| Rate | Current | 3mo ago | 1y ago |
|---|---|---|---|
| Fed Funds | 0.22 | 0.18 | 0.15 |
| Prime | 3.25 | 3.25 | 3.25 |
| Total SA | 9.60 | 9.70 | 9.70 |