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UK public sector debt climbs above 60 pct of GDP
AP - Public sector debt in the United Kingdom climbed above 60 percent of GDP in February as government agencies borrowed another 12.4 billion pounds ($19 billion), the Office for National Statistics said Thursday.
Weekly US jobless claims down
AFP - New claims for unemployment benefits in the United States edged down last week but gave little respite to the troubled labor market, government data showed Thursday.
Philly Fed factory activity index rises in March
Reuters - Factory activity growth in the U.S. Mid-Atlantic region accelerated in March, a survey showed on Thursday.
U.S. leading economic index up modestly in February
Reuters - A gauge of the U.S. economy's prospects rose marginally as expected in February, pointing to a moderate improvement in economic conditions, a private research group said on Thursday.
Regional Fed presidents defend bank oversight role
Reuters - Presidents of regional Federal Reserve banks on Thursday defended their role in supervising small banks, and said ending it would cut a link between the central bank and the national heartland.
Consumer prices were unchanged in February
AP - Consumer prices were flat last month, as the weak economy limits the ability of companies to charge more for goods and services.
Current account deficit rises to $115.6B in 4Q
AP - The current account trade deficit widened in the fourth quarter, reflecting an improving economy, but the imbalance for all of 2009 fell to the lowest point in eight years. Economists believe the deficit will increase in 2010 but not return to the record heights seen before the recession.
February consumer prices flat on lower energy costs
Reuters - Consumer prices were unexpectedly unchanged in February as a drop in energy costs was offset by higher food and medical care costs, a government report showed on Thursday, backing up the Federal Reserve's commitment to ultra low interest rates.
U.S. current account deficit widens in fourth quarter
Reuters - The U.S. current account deficit widened less than expected to $115.6 billion in the fourth quarter of 2009, largely driven by the swelling U.S. trade deficit, a Commerce Department report showed on Thursday.
US freezes assets of 'Hamas-controlled' INB bank, Al-Aqsa TV
AFP - The US Treasury on Thursday froze the assets of Gaza-based Islamic National Bank and Al-Aqsa Television, saying they were 'controlled' by Hamas which Washington has branded a terrorist group.
Larry Summers hits Rep. John Boehner on "punk staffers"
Reuters - White House economic adviser Larry Summers hit back on Thursday at a senior Republican congressional leader's comment that 'little punk staffers' are working on U.S. financial reform legislation.
Mass. jobless rate for Feb. holds at 9.5 percent
AP - The Massachusetts unemployment rate held steady at 9.5 percent in February.
Obama signs multibillion-dollar bill to create jobs
AFP - President Barack Obama offered hope Thursday that a growing US economy may soon bring more jobs, as indicators pointed to a still-fragile recovery from the 'great recession.'
Fed officials warn against loss of bank oversight
Reuters - Four top Federal Reserve officials chiefs urged Congress on Thursday not to strip the U.S. central bank of the authority to supervise small banks, saying they would lose an important finger on the pulse of the economy that helps them guide monetary policy.
Greenspan says Fed did not fuel the housing bubble
Reuters - Former Federal Reserve Chairman Alan Greenspan, whose legacy has been tarnished by the global financial crisis, on Thursday laid out a scholarly defense of why Fed policy did not fuel the housing bubble.
US key indicators point to slower economic growth
AFP - A key index tracking the US economy barely rose in February, indicating that economic growth after a brutal recession may have peaked, the Conference Board said Thursday.
Fed's emergency loans decline in past week
AP - Banks borrowed less from the Federal Reserve's emergency lending program over the past week in a further sign that the strains from the financial crisis are fading.
Summary Box: Recovery on two tracks
AP - A TALE OF TWO CONSUMERS: The economic recovery is proceeding at different speeds. Unemployment remains high. Yet a British automaker said Thursday it's betting on the super-rich, introducing a new $200,000 car for sale in North America.
Obama signs multibillion-dollar jobs bill
AFP - President Barack Obama offered hope Thursday that the faltering US economy will soon create more jobs, as he signed a multibillion-dollar employment package to aid the fragile recovery.
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