Economists in the monthly Wall Street Journal forecasting survey generally agree with the size of President-elect Barack Obama's stimulus package but remain divided on where the money should be spent.
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The European Central Bank cuts its benchmark rate by half of a percentage point, following a series of weak euro-zone economic data. (Trichet statement | Video)
House Democrats rolled out details of the $825 billion stimulus package, which calls for $550 billion in new spending and $275 billion in tax relief.
U.S. wholesale prices sank further last month, a sign of how quickly the inflationary pressures of last summer have reversed.
The proposed stimulus package includes $275 billion in tax cuts, including a variety of big tax breaks for businesses.
U.S. retail and food-service sales slid 2.7% in December, raising fresh concerns about the economy.
Interest rates on home loans have fallen to 4.89%, but lenders say as many as half of those who want to refinance won't be approved.
More than 2.3 million American homeowners faced foreclosure proceedings last year, an 81% increase from 2007.
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The U.S. economy continued to weaken into 2009, the Fed's beige book report showed, as consumers appeared unswayed by deep holiday discounts. (Report)
The stimulus plan's price tag neared $850 billion as negotiators decided to emphasize investments designed to spur job creation.
A Wall Street Journal/NBC poll found strong backing for the stimulus plan but concern over its impact on the budget deficit.
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Recession-weary patrons are flocking to the library to update résumés, scan for job listings, and find entertainment.
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The U.K. is making some delicate political compromises, in an effort to tackle the financial crisis.
Dig in and download forecasts for GDP growth, inflation, oil prices, housing, recession calls and more. See prior survey installments at WSJ.com/Economist.
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