Fed, Treasury Target Consumer Spending, Mortgage Rates

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President-elect Barack Obama held another press conference today, this one to announce two more members of his economic team, and to re-state his campaign pledge of reviewing the federal budget line by line to reduce waste and strengthen needed programs. Current Treasury Secretary Henry Paulson announced another multi-billion dollar stimulus package, this one to make more lending available to consumers. Neil Irwin is a financial reporter for the Washington Post.




Sara Terry