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Fed Keeps Short-Term Interest Rates Low

Federal Reserve officials said they expect short-term interest rates to stay close to zero "at least through late 2014." The Fed has been trying to give more explicit guidance on what it expects in the future as part of a broader move to greater transparency.
NPR

Illinois' Quinn Pressured To Roll Back Tax Increase

Last year this time, Illinois Gov. Pat Quinn was pushing a big income tax increase to help balance the state's budget. This year, Quinn is being pressured to roll part of that increase back. But the state is still months behind in paying its bills, with a pension shortfall looming.
NPR

Fed: Economy Is 'Expanding Moderately,' But No Change In Rates

The central bank also says it likely won't be switching gears and nudging interest rates higher until at least 2014. Fed Chairman Ben Bernanke concedes its longer-term forecasts are "a best guess."
NPR

Valerie Jarrett Explains Obama On Economy, Energy

Host Michel Martin continues the conversation with White House Senior Adviser Valerie Jarrett. A day after the State of the Union speech, Jarrett says President Obama's focus is not on politics. She also addresses criticism Obama has faced over the national debt and high unemployment rates.
NPR

Fact-Checking The State Of The U.S. Economy

Host Michel Martin and NPR Senior Business Editor Marilyn Geewax discuss America's economic health and review Congressional reactions to the economic proposals in the president's State of the Union address. They also look at the upcoming primary in Florida, where the housing crisis remains a major problem.
NPR

Federal Reserve To Publish Interest-Rate Projects

The Federal Reserve will announce on Wednesday what officials expect to do with the rates it controls for next couple of years. The Fed will join central banks in Sweden, Norway and New Zealand in relaying information about expectations for short-term interest rates. Renee Montagne talks to David Wessel of The Wall Street Journal about why the Fed is doing this, and the impact it will have.
NPR

Irene's Floods Dry Up Business In Vermont Town

Life in the small town of Waterbury, Vt., changed dramatically after Tropical Storm Irene. With a state office complex flooded, 1,500 workers were relocated. The exodus slowed business to a trickle for those who remain.

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