Houston Refinance
Refinancing in Houston area
Posts tagged Business
Judging stimulus: Jobless rate high, growth real
Feb 18th
WASHINGTON (AP) — Did the stimulus work or not? A year after Congress passed President Barack Obama’s huge economic revival plan, the results are mixed – and hardly final.
Despite Obama’s bold promises, unemployment remains stubbornly high. But job losses have slowed dramatically.
And the nation’s recent economic growth is real, even though the government has spent just one-third of the massive stimulus plan. The program- originally estimated at $787 billion but now priced at $862 billion – is to continue pumping federal money into the economy into 2011. Read the rest of this entry »
Increase in spending shows a good sign for the economy
Feb 10th
NEW YORK (AP) — Americans backed off from their holiday spending pace in January, but retail sales rose for a third month in a row compared with a year earlier, largely because of higher gas prices, according to figures released Wednesday.
Analysts expect the modest spending pace to improve in coming months, though it will be far from robust as high unemployment and tight credit show little sign of disappearing. Read the rest of this entry »
