Leading indicators rise in September (AP)
The economy’s health improved for the first time in five months in September as supplier deliveries and new orders strengthened, a private research group stated Monday.
Momentum building for new economy-boosting package (AP)
Momentum is building for a fresh dose of economic stimulants to boost the country out of the doldrums — perhaps by putting more money in Americans’ pockets. The White Home stated Monday that President Bush was open to some sort of action after Federal Reserve Chairman Ben Bernanke warned the slump could drag on without the extra bracing tonic.
Wall Street higher on hopes of credit recovery (AP)
A rising wave of optimism lifted Wall Street Monday, propelling the Dow Jones industrials up more than 400 points on more signs of a reviving credit market and support from Federal Reserve Chairman Ben Bernanke for far steps to assist the economy.
Next Treasury boss will feel power — and stress (AP)
The next president’s choice of a treasury secretary might well be the most important appointment he will make — someone to grab the reins of a trillion-dollar-plus program to shore up the world’s largest economy, probably in the middle of a severe recession, and at the right hand of a chief executive who’ll be a rookie himself.