Economy

9:55am

Wed February 22, 2012
The Two-Way

Sales Of Existing Homes At Highest Level In Nearly Two Years

There were 4.3 percent more existing homes sold in January than in December, and the 4.57 million annual rate was the highest since May 2010, the National Association of Realtors reports.

Sales have gone up three of the past four months.

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6:20am

Wed February 22, 2012
The Two-Way

Obama Administration To Propose Cut In Corporate Tax Rate

The Obama administration is today going to propose a cut in the corporate tax rate from 35 percent to 28 percent, according to multiple reports. NPR's Scott Horsley notes that the president also wants to scale back some deductions that businesses now get. So, the overall effect of any such changes could be "revenue neutral" and keep corporations' share of the nation's tax burden unchanged, Scott says.

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2:01pm

Tue February 21, 2012
The Road Back To Work

Even When Employed, Health Care A Challenge

Originally published on Tue February 21, 2012 4:24 pm

Casaundra Bronner, of Hazelwood, Mo., worked in marketing before being laid off in March 2010. She found a job again in March 2011 but is still uninsured and having trouble getting the health care she needs.
Whitney Curtis for NPR

2:00am

Tue February 21, 2012

1:13pm

Mon February 20, 2012
Economy

With Business Up, Owners Say Banks Lending Again

Originally published on Tue February 21, 2012 9:26 am

A big reason for the slow recovery has been that the nation's battered banks haven't been able or willing to lend. There are signs that's changing and that bank lending is helping to support stronger growth.

Paul Kasriel, chief economist at Northern Trust, a Chicago-based bank, say his reading of Federal Reserve data has convinced him that banks have finally taken the baton from the Fed and are now making credit more available.

"We've seen a sharp increase in business loans on the books of banks," he says.

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