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Scripts: A: The Fed has got to cut rates , theres no question. B: How much? A: Er.. I think what we need to see is er, a process of cutting rates, so its less about how much today and about the, the holding up the hope of more rate cuts to come, wha
Scripts: The housing market is already troubled and the next tsunami might be right around the corner. Resets on ARM, adjustable rate mortgages could set off a new wave of foreclosures. CNNs personal finance editor Gerri Willis joins us now to offer
THE PRESIDENT: Good morning. It's not every day that Americans look forward to hearing from the Internal Revenue Service, but over the past few weeks many Americans have received a letter from the IRS with some good news. The letters explain that mi
This is the VOA Special English Economics Report. In the last few years, many Americans have bought houses with ARMs: adjustable-rate A foreclosed home in Pasadena, California. mortgages. These loans usually begin with lower interest rates for the f
Alright, you people cutting fifty basis points on the fed funds rate, / fifty basis points on the discount rate. And now the question did they get it right. Well, who better to ask than two people who have been in that room in their frist television
Special thanks to antoniazhang, AC, and Californian for your help. Michelle Wright : Delta's pilots have approved an agreement which will help the bankrupt carrier get back on its feet, says Airline s