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Fed To Start Buying Mortgage-Backed Securities

Posted: 12/30/2008 - The Federal Reserve says it will begin purchasing up to $500 billion in mortgage-backed securities early next month in an effort to bolster the housing market.

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Stocks Pull Back Amid Middle East Tensions

Posted: 12/29/2008 - Wall Street has ended an erratic session with a moderate loss as continuing violence in the Middle East reminded investors that the market could face problems beyond the recession.

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Stocks Under Pressure

Posted: 12/29/2008 - Stock prices are down in light trading at midday on Wall Street.

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Southern Colorado Store Hours

Updated: 12/24/2008 - Although many southern Colorado shopping centers and stores will shut their doors during the Christmas holiday, most are staying open for at least part of Christmas Eve.

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V-P-Elect Discusses Stimulus Plan

Posted: 12/23/2008 - Vice President-elect Joe Biden says a new economic stimulus package will not be "politics as usual."

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Treasury Provides Support For Another 92 Banks

Posted: 12/23/2008 - The Treasury Department says it has provided an additional $4.7 billion to 92 banks as part of the government's $700 billion rescue of the financial system.

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IRS Collections From Audits Fall In 2008

Posted: 12/22/2008 - The IRS says its collections from audits and other reviews fell this year for the first time in a decade as the agency focused more of its limited resources on ensuring that people got their economic stimulus checks.

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Ritter Details Proposals To Boost Economy

Posted: 12/18/2008 - Tax breaks for companies that create jobs and more money for job training are among the proposals Gov. Bill Ritter will push next year to stimulate Colorado's economy during a recession.

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Banks, Investment Firms Borrow Less From Fed

Posted: 12/18/2008 - The Fed report shows commercial banks averaged $88.4 billion in daily borrowing over the week ending Wednesday. That was down from $90.2 billion in average daily borrowing logged over the week ended Dec. 11.

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Obama Says Economic Ammunition Running Low

Posted: 12/16/2008 - Obama said rates are getting about as low as they can get. He says tools are still available, but it's critical for other branches of government to "step up."

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GM And Chrysler Get Encouraging Nod

Posted: 12/15/2008 - The White House is reassuring General Motors and Chrysler that help is on the way -- it's just taking time to work out details.

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