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College Station Native Among Super Debt Panel Members

Updated: 08/10/2011 - House Speaker John Boehner has named GOP Rep. Jeb Hensarling of Texas to co-chair a powerful new committee that will try to come up with a bipartisan plan this fall to reduce the federal budget deficit by more than $1 trillion.

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Fed to Keep Interest Rate Near Zero for 2 years

Posted: 08/09/2011 - The Federal Reserve says it will likely keep interest rates at record lows for the next two years after acknowledging that the economy is weaker than it had thought with increasing risks.

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US Stocks Rise After Big Fall

Posted: 08/09/2011 - Bargain hunters are pushing stocks up in midday trading, and the Dow briefly rose above 11,000.

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Newsstand Sales of US Magazines Down 9 Percent

Posted: 08/09/2011 - A new report says sales of U.S. magazines at newsstands and other retail outlets fell 9 percent in the first six months of the year in a sign of readers trimming discretionary spending.

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US Markets Fall Sharply After S&P Downgrade

Posted: 08/08/2011 - U.S. stocks are joining a global sell-off in the first trading since Standard & Poor's downgraded American debt and gave investors another reason to be anxious.

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Obama to Speak on Economy in Wake of Downgrade

Posted: 08/08/2011 - President Barack Obama plans to deliver a statement about the economy as the nation grapples with the first downgrade of U.S. debt in the country's history.

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UPDATE: S&P Officials Defend US Credit Downgrade

Updated: 08/06/2011 - Credit rating agency Standard & Poor's is defending its decision to downgrade the United States' credit rating for the first time in the history of the ratings.

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College Station Considers Possibility of Mandatory Water Restrictions

Updated: 08/04/2011 - The possibility of mandatory water restrictions is one step closer in College Station. Those who oversee water usage in that city tell News 3, the heat and drought are taking its toll on the amount of water that can be stored and treated in the city.

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Neatherlin Homes is Re-Opening in Bryan

Updated: 08/03/2011 - Kenneth Neatherlin announced today that he has successfully negotiated the purchase of the Neatherlin Homes Brand back from Jim Walter Homes. Jim Walter Homes bought Neatherlin Homes in the late 90’s and operated it until it ceased all Jim Walter Homes. operations in 2009. Included in the purchase are all the intellectual property rights and the former Neatherlin Homes sales center location on Hwy. 6 in Bryan, TX.

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The Unelected Winners and Losers of the Debt-Limit Showdown

Updated: 08/03/2011 - So we already know what the debt-limit debate did for leaders in Washington: nothing pretty. By and large, the American people were turned off by both parties, infuriated that political squabbling might do measurable damage to the nation’s bottom line.

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Moody's Backs US Triple-A Rating; Outlook Negative

Posted: 08/02/2011 - Moody's Investors Service says the United States will retain its triple-A bond rating following passage of legislation to boost the debt ceiling. But the rating agency says it is lowering the outlook for possible future changes to negative.

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