Tuesday, November 25, 2008

Headlines: November 25, 2008

Pre-Budget report: National Insurance rise adds to high earners' woes: High earners face increased National Insurance payments and a new supertax under a raft of measures announced in today's pre-Budget report.

Obama: Costly stimulus needed to jolt economy

Fed throws fresh lifeline to financial system

"This action is being taken to reduce the cost and increase the availability of credit for the purchase of houses, which in turn should support housing markets and foster improved financial conditions more generally," the Fed said.

Frequently Asked Questions: Federal Reserve System

Who owns the Federal Reserve Bank?

Who Owns the Fed?

Clear and Present Danger: The Obama administration is about to discover that the terrorists detained at Guantánamo are there for good reason.

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