Cleveland Says Debate Boost to Economy
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The decorative banners were red, white and blue, but Tuesday's debate between Vice President Dick Cheney and Sen. John Edwards have local officials seeing green &#151; as in 20 million greenbacks.
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Democratic presidential candidate John Kerry visited downtown Detroit Wednesday morning, where he presented his four-point economic plan for the future.
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economic record and Kerry launching a fierce counter-attack on Republicans who &quot;can&#39;t tell the truth.&quot;. &quot;Our economy is growing and it&#39;s getting stronger,&quot; Bush said.
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Healthy business investment helped the U.S. economy grow at a revised 3.8 percent annual rate in the second quarter, slightly less than previously thought because of brisker demand for foreign goods and services, the Commerce Department said on Thursday.
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WASHINGTON - The economy headed into the end of the year with good momentum, expanding at an annual rate of 4 percent in the third quarter, a faster clip than previously thought.
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The debate over his stewardship of the economy is one of the central themes of the campaign.
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US job growth revived last month, the government reported Friday, providing fresh ammunition for the presidential candidates as they debate the strength of the economy in the final two months before the election.
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The first U.S. presidential debate this week and a load of data on consumer spending will settle some questions that have been hanging over U.S. stocks, and equity strategists, and traders say the decreased uncertainty could draw buyers back to the market.
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Stocks rose on Thursday, on optimism about government and central bank efforts to boost the economy.
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Economic stimulus proposals favored by Democrats, including tax rebates, extended unemployment benefits and a temporary increase in food stamps are cost-effective ways for Congress to try to boost the economy, the Congressional Budget Office said Tuesday.
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NEW YORK -- Wall Street powered higher Thursday after the government's new homes data in April soared to its biggest increase in 14 years, allaying investor concerns that the housing market will tip the economy into a recession.
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The figure is expected to sharpen a presidential debate later today. The unemployment rate remained unchanged at 5.4 percent.
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The announcement means a multi-million dollar economic boost for Charlotte.
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The economy grew at its strongest pace in more than a year during the spring as international trade and business investment helped offset weakness in housing, the government said.
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The economy grew at a 3.7 percent annual rate in the third quarter &#151; a pace slightly better than in the spring but not as strong as many analysts expected. Friday's government report was the last broad snapshot of economic activity before Election Day and provided political ammunition for both sides.
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The U.S. House of Representatives on Tuesday overwhelmingly approved a plan to give the U.S. economy a $146 billion election-year boost through tax rebates and other measures to stave off a possible recession by boosting business and consumer spending.
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NEW YORK -- The nation's service economy expanded at a faster-than-expected pace in June, a resesarch group said Thursday suggesting soaring gas prices and inflation aren't dampening strength in industries such as banking, retail and travel.