Fed Likely To Say No To Riggs  Payments
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The Federal Reserve probably will not approve a $10 million payment due later this year on Riggs's trust-preferred securities as the agency is cautious about preserving Riggs's cash, sources say.
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Government payouts to the wealthiest farmers would be blocked in a House committee's version of a wide-ranging, five-year farm bill.
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The US Federal Reserve minutes say there is a risk of a situation that will require 'substantial' rate cuts.
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WASHINGTON -- Continuing concerns about inflation underpin the Federal Reserve's stand against changes in interest rates.
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U.S. shares were poised to start  slightly weaker on Tuesday as investors look past potential  merger activity to a Federal Reserve that is expected to raise  borrowing costs.
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Recent credit market turmoil has  increased downside risks for the economy, but the U.S. Federal  Reserve would refrain from taking action to bail out investors  who made bad decisions, top policy-makers said on Thursday.
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Salvaging a deal that appeared dead earlier this week, the regional bank PNC Financial Services Group Inc. struck an agreement to pay about $642 million in cash and stock for Riggs Bank, an old-line Washington institution that ran into legal trouble over suspicious financial transactions.
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The White House conceded Monday it will likely have to borrow money to pay for the president&#39;s proposal to create private accounts for younger workers to revamp Social Security.
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LOOKING FORWARD: Economists predict that the Federal Reserve will probably keep dropping rates for much of the year in order to boost the economy .
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The Federal Reserve on Wednesday declined to comment on speculation in financial markets that the U.S. central bank might cut the discount rate imminently.
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Economists do not think the Fed cut will spread to the eurozone.
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Investors appeared to put aside their concerns about tighter credit availability, signs that the economy may be slipping and uncertainty about what the Fedâs next move will be.
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Federal Reserve Chairman Ben  Bernanke will testify on July 19 and 20 on the Fed&#039;s semiannual  monetary policy report, congressional committees said on  Monday.
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Volatility is down and the rough patch could be history if the Fed comes through and lowers rates.
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Steps by Congress and the Fed will ease the problem, but not cure it, experts say.
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The Federal Reserve is likely to cut an important interest rate this week, a move designed to help the economy get through the  a painful housing slump and credit crunch
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When the Fed fights the wrong battle, you lose.