Articles by Jeannine Aversa



Fed, ECB Free Up Billions of Dollars

  • 31 July 08
  • The Associated Press
The Federal Reserve said Wednesday that it was extending its emergency borrowing program to Wall Street firms and was taking other steps to ease a severe credit crunch that has hobbled the U.S. economy.

Greenspan Cautious on Housing Boom

  • 30 August 05
  • The Associated Press
America's red-hot housing market will eventually cool down, making some people feel less wealthy and less inclined to be big spenders, U.S. Federal Reserve Chairman Alan Greenspan said Saturday.

U.S. Job Growth Slumps in July

  • 09 August 04
  • The Associated Press
The United States' payrolls grew by an anemic 32,000 new jobs in July, suggesting the economy is stuck in summer lethargy three months before voters elect a president. The report rattled Wall Street and sent stocks tumbling.

U.S. Trade Deficit Swells to $46Bln

  • 13 May 04
  • The Associated Press
The U.S. trade deficit swelled to an all-time high of $46 billion in March as a stronger U.S. economy stoked Americans' appetite for foreign-made cars, televisions and other goods.

Greenspan: Interest Rates Must Rise

  • 22 April 04
  • The Associated Press
Federal Reserve Chairman Alan Greenspan told Congress on Wednesday that America's economic recovery has good momentum and that low, short-term interest rates will have to rise at some point, though he did not say when.

O'Neill Interview May Spark Probe

  • 14 January 04
  • The Associated Press
The U.S. Treasury Department is seeking an investigation into whether a classified document might have been shown during a television show in which former Treasury Secretary Paul O'Neill spoke out against the Bush administration.

U.S. Economy Surges in 3rd Quarter

  • 26 November 03
  • The Associated Press
The U.S. economy roared ahead at an astounding 8.2 percent annual rate in the third quarter, the fastest pace in nearly two decades and a much stronger performance than previously thought. It raises hope that a long spell of lackluster business activity is finally over.

U.S. Economy Surges 7.2% in Third Quarter

  • 31 October 03
  • The Associated Press
The economy grew at a scorching 7.2 percent annual rate in the third quarter in the strongest pace in nearly two decades. Consumers spent with abandon and businesses ramped up investment, compelling new evidence of an economic resurgence.

U.S. GDP Growth Slows to Just 1.4%

  • 28 March 03
  • The Associated Press
The U.S. economy grew at a mediocre 1.4 percent annual rate in the final quarter of 2002, and many economists think it won't do much better -- and perhaps worse -- in the current quarter.

U.S. Surprises With 1.4% Growth

  • 03 March 03
  • The Associated Press
A new reading showed growth at a 1.4 percent pace -- still slow but twice as fast as the government previously estimated.

Bush Shuffles Economic Team, Dumps O'Neill

  • 09 December 02
  • The Associated Press
President Bush revamped his economic team Friday as Treasury Secretary Paul O'Neill and economic adviser Larry Lindsey resigned at the request of the White House.

U.S. GDP Grows 4%, Defying Forecasts

  • 27 November 02
  • The Associated Press
The U.S. economy, stuck in low gear in the spring, lurched ahead at a brisk 4 percent annual rate in the summer, a stronger performance than the government had expected.

American GDP Growth Dips to 1.1%

  • 01 August 02
  • The Associated Press
The U.S. economy lost momentum in the second quarter of this year, growing at an annual rate of just 1.1 percent.

Markets Follow Dow Down After Big Fall

Greenspan Wants to Prolong Boom

Slight Increase in Annual Oil Output Expected

U.S. Economy Spurts As Consumers Spend

Fed Alert to Impending Inflation

Study: TV Rating System Will Attract Kids

PacBell Plans Digitized Movie Service