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Economy

Fed cuts interest rates again

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The Federal Reserve has reduced a key interest rate for the second time in just over a week, cutting its federal funds rate by a half point to 3 percent. Full story...
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Senate plan lets higher income earners share rebates

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An effort to include more high-income families in a broad tax rebate is gaining support in the Senate. Full story...
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House approves economic recovery plan, Bush urges Senate to send bill to his desk

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It has made it through the House unscathed. Now, President Bush says he wants to see a $146 billion economic stimulus package "out of the Senate and on" his desk. Full story...
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House to vote on aid plan as Senate mulls add-ons

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The House will vote this afternoon on a plan to speed tax rebates of up to $1,200 to most income earners, while giving tax breaks to businesses. Full story...
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Washington nears completion of economic stimulus package

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Lawmakers in Washington said today that an economic stimulus package could soon be signed, sealed, and delivered. For most taxpayers, the plan means cash in their pockets. Full story...
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Brunswick County home prices drop 29 percent

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If you're looking for a deal on home you might consider Brunswick County. Full story...
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Bush calls for economic package worth about $145 billion

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President Bush is calling for about $145 billion worth of tax relief and other incentives to stimulate a sluggish economy. President Bush says if Congress passes an economic stimulus package, the country will be "just fine." Full story...
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NC unemployment rate jumps to 5 percent, following national trend

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North Carolina's unemployment rate jumped to 5 percent in December, following a nationwide trend. Full story...
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Tax rebates could spark economy

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Both President Bush and Federal Reserve Chairman Ben Bernanke are supporting calls for an economic stimulus package to avert recession. Bernanke says a plan should be aimed at quickly getting cash into the hands of people. Full story...
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New home construction falls 24.8 percent in 2007

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Construction of new homes fell in 2007 by the largest amount in 27 years. Full story...
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Romney promises to save southern economy

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Republican presidential candidate Mitt Romney has exchanged his talk about laid off auto workers in Michigan for laid off textile workers in South Carolina. Full story...
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Economic news hints at recession

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The latest economic news may bring the "R" word to mind. While few say we are in a recession now, everyone agrees we ought to try heading one off. Full story...
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More recession fears after retail sales report

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Fresh signs are emerging that the U.S. economic slowdown may be intensifying. Retail sales fell in December for their worst showing in six months. Full story...
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Goldman Sachs predicts recession

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Economists have been flirting with dire predictions for weeks. Today the world's most profitable securities firm, Goldman Sachs, predicted a recession. Full story...
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Housing market could pick up in 2008

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Locally, 2008 could be the year the housing market picks up. Everybody has been talking about the housing market. Economists think it will bottom out later in the year and then pick up. Full story...
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