NEW YORK — Remarks by Federal Reserve Chairman Ben Bernanke that dimmed hopes for a third round of bond-buying pushed stocks lower Thursday.
In a second day of testimony, Bernanke told lawmakers the Fed expects the economy to improve. He said the central bank would only step in with more economic stimulus if there is a significant downturn in the economy.
“We’re not prepared at this point to take further action,” Bernanke said.
Stocks turned immediately lower after the remarks and fell for much of the day.
By Francesca Levy, The Associated Press
, July 15, 2011
Trinity Health in Williston, N.D., has received $5.5 million in funds from the American Recovery and Reinvestment Act to construct a new medical services building, said Jasper Schneider, USDA rural development state director on Thursday.
DENVER — The federal stimulus program is working by creating and retaining jobs, but it presents unprecedented challenges to state officials trying to keep track of the money, auditors from western states said Thursday.
Denver auditor Dennis Gallagher said most financial audits examine spending after the money has been spent.
By Steven K. Paulson, The Associated Press
, August 27, 2010
At long last, Congress is getting serious about containing deficit spending, but it would be ridiculous to show it by allowing more than 100,000 teachers around the country to lose their jobs.
Whether it settles on a proposed $23 billion to prevent the layoffs or some lesser number, Congress needs to do it.
A $5.2 million construction project is planned for the Arrowwood National Wildlife Refuge starting in June, according to Michael Mascari, public information officer for the U.S. Fish and Wildlife Service.
The bait and switch is on.
Congress and the Democrats are working overtime to remind voters how they cut taxes with the massive so-called stimulus, think pork barrel bailout, bill they passed last year.
Well, that’s the bait.
Minot Air Force Base is using federal stimulus money to increase housing.
The base on Monday was cutting the ribbon for a completed 144-room dormitory and breaking ground for a 168-room dorm. The second new dorm is expected to be ready by September 2011.
In reply to “Other Views,” the editorial “Stimulus hypocrisy is stunning” by The Forum of Fargo-Moorhead in the Monday edition of The Jamestown Sun:
If you didn’t read the article it is a dialogue of, apparently, why Republicans are hypocrites for taking the money and taking credit for projects paid for with stimulus dollars.
Americans tend to forgive politicians for most transgressions, but hypocrisy is a deal-breaker. When Republican governors rail against the Recovery Act (stimulus) and then jump on the podium to take credit for stimulus-funded projects, the stench of hypocrisy cannot be masked by flowery speeches. The same reek taints Republicans in Congress for playing politics with one hand and taking the stimulus money with the other.
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