To the Point
Feds Cut Interest Rate, Senate Asks for Bigger Stimulus Package
The House has passed the stimulus package agreed to by Democrats and the Bush White House. But Senate changes could slow its progress to the President's desk. Meantime, the Federal Reserve has been heard from again. It has dropped the interest rate by another half point.
By Warren Olney • • 1 min readThe House has passed the stimulus package agreed to by Democrats and the Bush White House. But Senate changes could slow its progress to the President's desk. Meantime, the Federal Reserve has been heard from again. It has dropped the interest rate by another half point. Dan Gross is business and economics columnist for Newsweek and Slate.com.
