Page 161 - Stimulus Program News Today

Enlist a lot of forces, including our evangelical community whos very support i have as well. jon: senator john mccain, republican of arizona, thank you. >> thank you. jenna: well, to wall street now, on the heels of the worst trading day of the year. right now the dow is trading down by more than 40 points, this following yesterdays plunge of more than 350 points. and all of this is in reaction to the fed thats considering ending the stimulus program that its been participating in earlier than ...

Jon: a scare in the skies. were learning more about a near collision over new york city. the faa now investigating. after two airplanes got too close for comfort. well let you in on one pilots conversation with air traffic control. also new concerns about the housing market as the fed considers ending the stimulus program. this as mortgage rates rise from historic lows. a look what it means for buyers.

Week appear to be something of a knee jerk reaction after the federal reserve said it would start slowing the stimulus program. thats slowing, not stopping. still hard for the market to hear. one big bank executive said, youve been keeping the animals in the barn all spring. when you open the barn door, theyre still going to go wild, but eventually theyll settle down. just about an hour ago they appeared to settle down. if not for long, then at least for the day. many investors and reporters rev...

Your man ben bernanke had to say. >> he said the economy is getting better, that means the fed will stop all the stimulus. not right now but eventually. dow futures down 80 points, big sell-off yesterday, the dow, nasdaq, s&p all swooning by more than 1%. the dow was down 206 points. fed reserve chairman ben bernanke said the fed was prepared to "taper" its purchases of bonds as the economy improves. he signaled the stimulus program could end by next year, that could raise your borrowing costs, ...

>> on wall street, wow, a major selloff that stretched over the global financial markets today. it tanked the dow, and tanked bonds, the price of gold. the u.s. stock market down two and half percent. investors blame china on one hand with the slow down in manufacturing. it started yesterday. heres the key. the fed may end the economic stimulus program. that set wall street a twitter. the markets dropped in the open and fell more and more from there. by the closing bell, the dow was off more tha...

Into effect. of course, the president, democrats are going to figure out what changes to make there, but the really big news on the economy came yesterday. obviously, with ben bernanke. >> joining me is former treasury official and analyst steve rattner. also, we have new york times reporter jeremy peters. good to have you both onboard. well start with ben bernanke. he expressed confidence in the nations economic growth yesterday saying the fed will start to rein in its stimulus program later th...

To zero as the mid of next year. the immediate result is bad news for homeowners because interest rates are going up. home buyers. it will be tough to get a reasonably priced mortgage. and your 401k goes down. president obama is stuck. this stimulus has been taken away. hes got obama-care which has been labeled a train wreck. ben is likely to take away a very good stimulus program. martha: we will final out if this improving economy is a emperor with no clothes. what is that going to mean for ev...

Washington has its eyes trained on washington where fed chief ben bernanke could announce a decision about whether the federal bank will scale back its stimulus program. why should i care? well, this is the program that keeps interest rates on mortgages low. christine romans is in new york to tell us more. good morning. >> and it keeps the unemployment rate from rising too much. thats what many economists say, carol. look, what ben bernanke and the fed do about what -- about their stimulus is in...

The navy is auctioning off two slightly used landing craft. from "the cleveland plain dealer" captain america battling bad guys in ohio. this week in the cleveland museum of art theyre shooting scenes for the newest movie, out april 2014. for now lets turn to christine romans with the business news. >> wall street is all about one thing, the federal reserve ben bernanke, the fed chief needs to detail how soon he plans to pull back the feds $85 billion stimulus program. chrysler caves and rec...

It had been flat until the federal reserve announcement. ben bernanke spoke to the press less than an hour ago. investors were word about scaling back the economic stimulus program but it didnt. investigators didnt seem to like that. rich edison has this new. we were in a meeting and i got an alert from fox the fed made this move. oh, stocks are going up. nothing. >> its in a perverse area where there was some good economic news and people say thats the early signal that maybe theyll dial it bac...