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President Bush signed a housing rescue plan into law. The hoped-for relief comes amid further home price declines and rising delinquencies. The Federal Reserve extended an emergency credit line to Wall Street firms through the start of next year. The extension was the latest attempt by central banks in the U.S. and in Europe to fix the credit turmoil, which began last summer. In a bit of positive economic news. The economy surprisingly added private-sector jobs in July, according to a private survey. Government numbers are released on Friday. Americans are showing restraint when it comes to credit cards. A recent survey showed more than one-third of respondents are using credit cards less and pulling back on spending overall. There was a sharp rebound in the price of oil. U.S. gasoline supplies surprisingly fell last week. Israeli Prime Minister Ehud Olmert is stepping down in September re-igniting geo-political concerns. Crude oil surged about $4.50 a barrel to settle below...
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Housing band-aid now law

President Bush signed a housing rescue plan into... (more)
Channel:MediaScrape Category:Business Views:8
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