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Bush: Modernize export controls
Jan 22 2008 7:11PM (CT)
WASHINGTON (AP) - President Bush on Tuesday approved changes aimed at modernizing the country's controls on the export of sensitive products to foreign nations. U.S. manufacturers said the changes should boost the ability of American companies to make overseas sales.
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Fed cuts interest rates
Jan 22 2008 6:20PM (CT)
WASHINGTON (AP) - The Federal Reserve unexpectedly slashed a key interest rate by a bold three-fourths of a percentage point on Tuesday, responding to a global plunge in stock markets that heightened concerns about a recession. The Fed signaled that further rate cuts were likely.
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