41. The budget is part of the economy, but it is only part of it, and at some point we will get a budget accord. 42. The broader capital gains cut is a good possibility as part of a long-term budget accord. 43. The dollar fell in late New York trading amid concern talks between the Clinton administration and U.S. congressional Republicans will fail to produce a balanced budget accord. 44. The lack of a budget accord yesterday sent bonds and stocks lower. 45. The number two Republican on the House Budget Committee, David Hobson of Ohio, also confirmed that a budget accord would have a capital gains tax cut. 46. The tax bill would put into legislation the bipartisan balanced budget accord reached between congressional Republicans and the White House this spring. 47. The White House insists that the budget accord provides major new protection for low-income people against higher Medicare premiums. 48. The Treasury announced it would lower obligations to two government employee funds to avoid exceeding the current debt limit, unless a budget accord has been reached by tomorrow. 49. Those markets too benefited from renewed optimism for a budget accord. 50. U.S. stocks rose to records as better-than-expected corporate profits, a federal balanced budget accord and falling interest rates spurred optimism for equities. |