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British PM Urges Faith In Free Markets To Congress

Posted: 03/04/2009 - British Prime Minister Gordon Brown wants members of Congress who are eager to protect U.S. businesses against foreign competition to have more faith in free markets.

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Obama Tries To Pump Up Confidence In The Economy

Posted: 03/04/2009 - Trying to pump up the nation's confidence, President Barack Obama said Tuesday that Wall Street has been hammered so hard that "buying stocks is a potentially good deal," and he dispatched top aides to Capitol Hill to defend his plans for pulling the economy out of its deep recession.

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Democrats Reach Deal On Mortgage Relief Bill

Posted: 03/04/2009 - House Democrats, under pressure from a group of moderates in their ranks and the banking lobby, agreed Tuesday to narrow legislation that gives bankruptcy judges the power to force lenders to rewrite mortgages for debt-strapped homeowners.

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Sources: AIG To Get Up To $30B More In Fed Aid

Posted: 03/02/2009 - Struggling insurer American International Group Inc. will receive up to $30 billion in additional federal assistance in the fourth government rescue of the company, people familiar with the matter told The Associated Press on Sunday.

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States' Budget Woes Will Outlast The Recession

Posted: 03/01/2009 - Even after $135 billion in federal aid gets spent, many states will be staring down budgetary black holes unless they initiate dramatic spending cuts or tax increases, or both.

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Wen Warns Economic Crisis Spreading In China

Posted: 03/01/2009 - Premier Wen Jiabao warned that the impact of the global financial crisis was still spreading in China and the country faces the long and arduous task of combating its effects.

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Parents Opting For Pre-Paid College Plans

Posted: 02/28/2009 - Parents of college bound students are looking at other ways to finance their kids' costs...some parents who were paying into "529" plans for their kids' college education are now considering state prepaid plans.

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Analysis: Obama's Budget Goals Depend On Recovery

Posted: 02/28/2009 - President Barack Obama's ambitious plans for a new era of big-government activism depend on a full economic recovery — and those prospects don't look good anytime soon.

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Airline Pay Toilets? Ignore That Beverage Cart

Updated: 02/28/2009 - When nature calls at 30,000 feet, is $1.40 a wee price to pay? Or could it force passengers without correct change into a whole new kind of holding pattern?

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Pay By The Mile

Posted: 02/27/2009 - A special commission on transportation created by Congress is suggesting hiking gasoline taxes and charging motorists by the miles to help pay for road projects.

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Firms Defraud Government But Get New US Contracts

Posted: 02/27/2009 - Companies that defrauded the United States and jeopardized American lives received new government work despite rulings designed to stop them from receiving federal contracts, government investigators report.

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Sony President Stepping Down; CEO Stringer Remains

Posted: 02/27/2009 - Sony Corp. said Friday that Ryoji Chubachi is stepping down as president, and Howard Stringer, chairman and chief executive, will stay on, adding the presidency as another title.

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ECU Grads Find Possible Job Leads In Troubling Economy

Updated: 02/26/2009 - As it stands right now in this country, future graduates face the real world with little opportunities for work. Although, there is good news for East Carolina University education majors.

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No More Free Lunch: Schools Get Tough On Deadbeats

Posted: 02/26/2009 - A cold cheese sandwich, fruit and a milk carton might not seem like much of a meal — but that's what's on the menu for students in New Mexico's largest school district without their lunch money.

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Official: Budget Projects $1.75 Trillion Deficit

Posted: 02/26/2009 - President Barack Obama is sending Congress a budget Thursday that projects the government's deficit for this year will soar to $1.75 trillion, reflecting efforts to pull the nation out of a deep recession and a severe financial crisis.

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Mortgage Relief Bill Set For House Vote

Posted: 02/26/2009 - Debt-strapped homeowners facing foreclosure could resort to bankruptcy to force reductions in their monthly mortgage payments under a measure awaiting a House vote.

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