Page 153 - Stimulus Program News Today

The dow rose more than 292 points. the s&p 500 rising by nearly 30. both closing at record highs. you can see the spike there at 2:00 p.m. eastern. thats when the federal reserve nounced it would start cutting the stimulus program. the process dubbed tapering. something investors have been waiting for. a big sign the fed thinks the economy is slowly but surely ill proving. ben bernanke said an improved outlook was one of the reasons the fed chose to start tapering. to our top story, a show of ...

Senator johnny isakson, thank you. >> merry christmas to you. >> the fed is scaling back the massive stimulus program and what it will mean for mortgage and credit card rates and what about your retirement? well get some answers coming up. if i can impart one lesson to a new business owner, it would be one thing ive learned is my philosophy is real simple american express open forum is an on-line community, that helps our members connect and share ideas to make smart business decisions. if you m...

Religion saying, quote, were bible thumpers who just happen to ob television. hell have to take a break from the television part as a and e said we are extremely disappointed to have his comments and they in no way reflect the net works. duck dynasty was the number one nonfiction telecast in cable history. turning to news on your money. stocks soared wednesday with two of the major averages reaching record territory. in one day the dow jones climbed nearly 300 points. its all thanked to ben be...

Capabilities than anything snowden did because clapper has damaged the credibility of the entire intelligence apparatus and im not sure what it believe anymore when they come to congress. and i do think what our government is doing is unconstitutional and i really think in order to restore confidence in our intelligence community, i think james clapper should resign. >> you might want to check your 401(k) because the markets had a huge day yesterday all because of something just about everybody ...

Situation room" right now. the stock market closed at record highs today with the dow adding almost 300 points. the jump was in reaction to the federal reserves announcement to cut its economic stimulus program gradually starting in january. the federal will buy $75 billion in bonds each month. thats a drop of $10 billion as the agency cuts back its bond-buying program. the fed says interest rates will stay exceptionally low for the time being. a harvard university student accused of making bo...

To do with the massive stimulus program. the bell just rang on wall street, folks from amc got to win the bell. alison kosik, stock market activity will be a little slow until that important 2:00 p.m. eastern meeting, right? >> exactly. its all about will they or wont they taper that is. let the speculating begin. the federal reserves two-day meeting is wrapping up today. well get the decision at 2:00 with the news conference at 2:30 so its all about taper talk today and with the economy showing...

On outgoing fed chair bern earn about on his final press conference. including a pull back on the feds massive stimulus program and a possible change in key interest rates. a report suggest that is the housing levels are highest in six years. doug mckelway is in washington. so, doug, what do the housing numbers mean for fed policy here? >> reporter: jon, they mean a couple of things. first theyre encouraging sign in the momentum in the housing market. albeit slow continues. housing starts jumped...

Pearson wrote letters and numbers on his arm suggesting that he may have planned to attack five rooms inside that school. wall street keeping a close eye on outgoing fed chief ben were man keep for any signs of a pullback of the stimulus program. and if they see that they may not like it. so we are watching. >> about to move the public and move the congress on these big issues when this approval ratings continue to sink? >> you wont hear an argument from me that everyone in washington has taken ...

Well, now its coming -- its sort of coming to a head because the economy is showing improvement so some are saying, look, the fed is going to scale back on the stimulus program, even if its just a little bit and then theres another school of thought that says, look, we want to see more consistent data of economic strength and you look at inflation and its tame. they say, hey, look, the fed has more wriggle room and they could continue the stimulus. well find out how it is resolved today. >> i wo...

Announcement about whether or not theyll begin to taper off the stimulus program. why is that? why do we need it and what happens when it ends? those are the questions. for answers, ron that ana foroos us. >> bonds, mortgage-backed securities, the government has been buying these up. the reason they started doing this, after the crisis, as we all know, markets collapsed. one of the ways of increasing confidence and getting the economy back up and running is buy these assets and try to push the m...