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Yahoo! News: Economy News Updated : Fri, 05 Dec 2008 08:51:46 GMT China, US end talks with pledges to boost trade (AFP) AFP - China and the United States completed Friday their last high-level economic meeting under the Bush administration with vows of 20 billion dollars of trade financing to boost commerce in a time of crisis. Publ.Date: Fri, 05 Dec 2008 08:19:40 GMT Source: Yahoo.com Uncertain impact of US push to cut mortgage rates (The Christian Science Monitor) The Christian Science Monitor - Another week, another proposal to shore up plummeting US home values. This time, the US Treasury Department is considering a plan to dramatically push down mortgage rates, which it hopes will stimulate demand for new homes. Publ.Date: Fri, 05 Dec 2008 08:00:00 GMT Source: Yahoo.com Fed officials say not running out of policy tools (Reuters) Reuters - The year-long U.S. recession has taken a turn for the worse recently, two top Federal Reserve policy-makers said on Thursday, raising expectations for aggressive policy action by the central bank as soon as next week. Publ.Date: Thu, 04 Dec 2008 23:18:06 GMT Source: Yahoo.com Tough economy forces many US Muslims delay hajj (AP) AP - Zeinab Chami planned to save money from her part-time job and get a little more from her family. But the 24-year-old graduate student ultimately couldn't round up enough to pay for a trip to Mecca. Publ.Date: Fri, 05 Dec 2008 05:50:25 GMT Source: Yahoo.com China, US promise $20 billion for trade (AP) AP - The United States and China promised Friday to jointly tackle the global financial crisis and pledged $20 billion to finance trade as they wrapped up high-level talks marked by a pointed Chinese appeal to Washington to stabilize its economy. Publ.Date: Fri, 05 Dec 2008 08:51:46 GMT Source: Yahoo.com Paulson says China investments no threat to U.S. (Reuters) Reuters - The United States is not threatened by the fact that China and other countries are big investors in U.S. securities, U.S. Treasury Secretary Henry Paulson said on Friday. Publ.Date: Fri, 05 Dec 2008 07:07:23 GMT Source: Yahoo.com

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