Peter Morici News
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U.S. house prices rose 7.1 percent in the year through February, the biggest gain since 2006, indicating a solidifying recovery as buyers compete for properties amid tight inventory.
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Representative Paul Ryan , chairman of the House Budget Committee, said Republicans aren’t seeking to force a shutdown of the federal government and would negotiate a stop-gap accord with Democrats that includes “interim” spending cuts.
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Chip Besse figured he could hire a dozen people once he got a $1.1 million small-business loan.
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Representative Paul Ryan , chairman of the House Budget Committee, said Republicans aren’t seeking to force a government shutdown and would negotiate a stop-gap spending plan that includes “interim” cuts.
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Gene Sperling, director of the White House National Economic Council, said President Barack Obama will propose tax and spending initiatives next week that would have a “significant” impact on growth and creating jobs.
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Nine of the biggest names in the U.S. defense industry receive more than 70 percent of their revenue from the federal government and have the most to lose in the budget cuts approved by Congress this month, according to data compiled by Bloomberg.
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U.S. Labor Secretary Hilda Solis said a government report showing employers added 103,000 jobs in September “is a good indication that we’re going in the right direction.”
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President Barack Obama said his economic stimulus program is gradually pulling the U.S. out of its deepest recession in decades and laying a foundation for a better future.
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Mexico, Russia and Thailand added gold now valued at about $6 billion to their reserves in February and March as prices advanced to a record, the dollar weakened and Treasuries lost investors money.
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Mexico, Russia and Thailand added gold now valued at about $6 billion to their reserves in February and March as prices advanced to a record, the dollar weakened and Treasuries lost investors money.
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