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Summers Says Economy Entering a ‘Difficult’ Time
Bloomberg - Jan. 25 (Bloomberg) -- The U.S. economy faces “very
difficult†months ahead, requiring quick passage of a stimulus
package and a retooled bank rescue plan aimed at reviving
lending, said Lawrence Summers, director of the White House’s
National Economic Council.
Summers Says Economy Entering ‘Difficult’ Time, Needs Stimulus
Bloomberg - Jan. 25 (Bloomberg) -- The U.S. economy faces “very
difficult†months ahead, requiring quick passage of a stimulus
package and a retooled bank rescue plan aimed at reviving
lending, said Lawrence Summers, director of the White House’s
National Economic Council.
Fed expected to keep rates at record lows
AP - With the country stuck in a painful recession, the Federal Reserve is widely expected to keep its key interest rate at an all-time low this week and examine other unconventional ways to lift the economy.
Obama faces Republican rancor as economy reels
AFP - President Barack Obama entered his first full week in office Monday battling to win over Republicans hostile to his signature plan to haul the US economy out of a paralyzing recession.
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