Summary
WASHINGTON (AP) - The ritual pledges of political cooperation are in place. Now the challenge for a lame duck Bush administration and an election-year Congress is to agree swiftly on an economic stimulus plan.
The spirit of cooperation comes at a time when Wall Street extended its 2008 plunge Thursday, sending the Dow Jones industrials down 306 points and to their lowest level since last March after a regional Federal Reserve report showed a sharp and unexpected decline in manufacturing activity. Downgrades of key bond insurance companies added to the market's black mood, with investors fearing an escalation of months of credit market problems.See the full content of this document
Extract
Everybody On Board for Stimulus?
The Dow lost nearly 2.5 percent, giving the index its worst three- day percentage decline since October 2002. The Standar...
See the full content of this document
Sponsored links
