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Business and Economic News

Financial markets have been weaker around the globe following President Bush's State of the Union address Tuesday night.  The economy has been struggling to get back to sure footing after being pummeled by the 2001 recession.  It grew at a respectable 4% rate in the third quarter of 2002, but probably slowed sharply in the final three months of last year, with economists predicting a growth rate of just 0.9% when final figures are compiled.  With the aim of energizing the economy, President Bush has
offered a 10-year, $674 billion tax-cut proposal.


President Bush's plan for economic stimulus

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