Rice says US economy resilient
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Secretary of State Condoleezza Rice, in a nod to the anxiety that has enveloped the World Economic Forum, said Wednesday that the U.S. economy was resilient and would remain an "engine of growth."
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The persistence of bloated U.S. trade deficits over time can pose a risk to the U.S. economy, which thus far has proven resilient, Federal Reserve Chairman Alan Greenspan warned Friday. Policy-makers must not get lulled into a sense of complacency, he said.
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President George W. Bush insisted on Wednesday that the economic stimulus package he is working on with Congress will be robust enough to help the U.S. economy.
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PHILADELPHIA - The US economy is on course for sustainable expansion with little danger of inflationary pressure building, Federal Reserve Bank of Philadelphia President Anthony Santomero said on Monday.
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President George W. Bush on Thursday  said he would consider "all options" to help the U.S. economy  weather a deep housing slump but said the economy was  fundamentally strong.
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The US economy is making a comeback and moving in the right direction after taking an &quot;incredible blow&quot; from the Sept. 11 attacks three years ago, Treasury Secretary John Snow said on Saturday.
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The U.S. economy grew at a stronger-than-expected pace in the final quarter of last year, boosted by robust spending and slowing inflation that more than offset the biggest decline in housing activity in 15 years, a government report on Wednesday showed.
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The US economy has escaped a recent soft patch and seems to be picking up steam, Federal Reserve chief Alan Greenspan said on Wednesday in remarks economists saw as cementing a September rate rise.
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Government reports released Thursday showed surprising resilience in the broader economy, even as the financial system and the housing market continue to weaken.
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TORRANCE, California  - President George W. Bush said on Wednesday the U.S. economy is slowing but is resilient and would overcome problems as it has in the past, following a government report showing growth slumped at the end of last year.
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The United States is strongly committed to a strong U.S. dollar and financial markets there are recovering from the subprime loan crisis even if the housing market has yet to touch bottom, U.S. Treasury Secretary Henry Paulson said on Tuesday.
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Weak durable goods orders last month fueled concern on Thursday over the resilience of the U.S. economy to the country's steep housing slump.
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The whopping US trade and investment deficit is the result of a strong US economy and can be remedied by taking steps to boost growth elsewhere, a US Treasury official said.
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The White House on Friday said the U.S. economy was showing a "mixed" picture and was expected to be stronger later in the year after some of the effects of the housing market slump and high oil prices worked through it.
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President Bush on Saturday acknowledged US manufacturing workers have seen a &quot;time of change&quot; in the economy but said his private sector-based policies were the way to boost growth.
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BILOXI, Mississippi  - Atlanta Federal Reserve Bank President Dennis Lockhart said on Saturday that the United States economy is "resilient."
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Economists assembled by the White House for a high-profile summit yesterday maintained forcefully that the US economy is robust and growing.