Washington DC - March 11 - A restructuring of mortgage giants Fannie Mae and Freddie Mac has been put on hold in what has become the most costly component of the federal bailout of the financial system, as reported in The Washington Post.

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Washington DC - March 11 - Treasury Secretary Timothy F. Geithner offered testimony before the House Committee on Appropriations on the department’s Fiscal year 2011 budget and its efforts at reinforcing strong, broad-based economic growth.

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Washington DC - March 11 - The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced that total January exports of $142.7 billion and imports of $180.0 billion resulted in a goods and services deficit of $37.3 billion, down from $39.9
billion in December, revised.

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Washington DC - March 10 - House Democratic leaders are working on reform of congressional earmarks that most likely would impose a one-year ban on earmark expenditures to for-profit companies, as reported in The Washington Post.

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Washington DC - March 10 - Total inventories of merchant wholesalers were $382.2 billion at the end of January, down 0.2 percent from the revised December level and were down 9.7 percent from a year ago.

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Washington DC - March 10 - There were 2.7 million job openings on the last business day of January 2010, the U.S. Bureau of Labor Statistics reported. The job openings rate rose over the month to 2.1 percent, the highest the rate has been since February 2009.

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Washington DC - March 9 - The Conference Board Employment Trends Index™ (ETI) rose in February for the sixth consecutive month. During the past six months, the index increased by 13.4 percent (annual rate), the highest six-month growth rate since 1994.

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Washington DC - March 8 - Key vacancies at federal agencies overseeing banks present the White House with appointment opportunities that will play a role in implementing the administration’s financial reform legislation, as reported in The Washington Post.

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Washington DC - March 8 - Calling it victory for American jobs and our nation’s car industry, U.S. Rep. Bill Pascrell, Jr. (D-NJ-8) applauded General Motors’ decision to reinstate 661 auto dealerships that were closed during the company’s bankruptcy reorganization last year.

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Washington DC - March 8 - Chairman Amy Klobuchar (D-MN) and Ranking Member George LeMieux (R-FL) of the Senate Commerce Subcommittee on Competitiveness, Innovation and Export Promotion introduced the Export Promotion Act of 2010 to help small and medium-sized businesses promote their products overseas.

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Washington DC - March 8 - In his weekly address, President Barack Obama said that Congress owes the country an up-or-down vote on health reform and he described how more American families will have more control over their health care this year after health reform passes.

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Washington DC - March 4 - New orders for manufactured goods in January, up nine of the last ten months, increased $6.2 billion or 1.7 percent to $378.4 billion, the U.S. Census Bureau reported. This followed a 1.5 percent December increase.

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Washington DC - March 4 - The U.S. Department of the Treasury announced that it priced a secondary public offering of warrants to purchase common stock of Bank of America Corporation, representing the Treasury’s sale of its remaining investment in the Company.

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Washington DC - March 4 - Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 10.5 percent higher in December 2009 than in December 2008, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.

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Washington DC - March 4 - Nonfarm business sector labor productivity increased at a 6.9 percent annual rate during the fourth quarter of 2009, the U.S. Bureau of Labor Statistics reported. Unit labor costs in nonfarm businesses fell 5.9 percent in the same quarter.

To read the entire report, CLICK HERE