Martin Baily News
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The U.S. economy may be fired up by a rush of household formation, unleashing pent-up demand for everything from homes to weddings.
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Timothy F. Geithner’s replacement by Jack Lew as Treasury secretary will end a period of unusually strong ties between the department and the Federal Reserve. For the Fed, the result may be less insulation from critics, yet greater influence in financial market regulation.
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The following is a reformatted version of the U.S. Treasury Department’s daily release on the schedule for Secretary Timothy F. Geithner and other officials:
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Two years after the recession ended, almost 14 million Americans are out of work, including more than 6 million who have been jobless for at least six months. Job seekers outnumber available jobs by more than four-to-one.
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Flash-forward to late January 2011: A humbled President Barack Obama , putting the final touches on his State of the Union address, ponders offering an olive branch to the new House Speaker, John Boehner .
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President Barack Obama challenged manufacturers in his State of the Union address to “ask yourselves what you can do to bring jobs back to your country.”
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The House Appropriations Committee is no longer a coveted perch; the Senate agrees to limit delaying tactics; Former Alaska Governor Sarah Palin criticizes President Barack Obama.
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