Archive for March 17th, 2008

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The IRS on Monday said it would begin sending out 130 million tax rebate payments aimed at boosting the economy on May 2.

The IRS on Monday said it would begin sending out 130 million tax rebate payments aimed at boosting the economy on May 2.

With Wall Street hit by a crisis of confidence, most investors and economists are expecting the Federal Reserve to deliver another steep interest rate Tuesday.

About three-quarters of all Americans think the economy is now in a recession and the number who feel that way continues to grow, according to a CNN/Opinion Research Corporation poll released Monday.

About three-quarters of all Americans think the economy is now in a recession and the number who feel that way continues to grow, according to a CNN/Opinion Research Corporation poll released Monday.

The Federal Reserve is putting up billions of dollars and slashing interest rates to try and calm financial markets. It's getting involved in the rescue of big Wall Street banks.

The Federal Reserve is putting up billions of dollars and slashing interest rates to try and calm financial markets. It's getting involved in the rescue of big Wall Street banks.

It started last summer when borrowers with weak credit started defaulting on their mortgages. Last night, it brought down an 85-year-old pillar of Wall Street.

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