Its been making those since last september. In a statement, the federal open Market Committee said its waiting for evidence that progress will be sustained before adjusting the wais of its purchases. The stimulus has pumped cash into the mortgage and bond markets, keeping Mortgage Rates and borrowing costs low. That has fueled the red hot Housing Market and spurred stocks to a 20 gain over the past year. Many investors expect stocks to go higher. Good news for 401 k s but only half the country is invested in stocks. There are fewer people working but fewer people who are looking for work and so that meant that the Unemployment Rate came down but for the wrong reasons. Reporter companies are used to getting by with fewer workers since the recession. That and slow Economic Growth but ben bernanke and whoever succeeds him in a tough spot. Goldman sachs saying the next potential window for this tapering of the fed might be the december fed reserve meeting. Stay tuned. There is a meeting in
Football field blowing up, sending flames almost 100 feet into the air. And, we have a winner lexington, south carolina, home to the latest 400 million powerball winner. Youre live in the cnn newsr m newsroom. If i had a Million Dollars if i had a Million Dollars ah, we can only dream. Good morning to you. Im carol costello. Thank you so much for being with me this morning. We begin on capitol hill. The clock is ticking and the risk of a Government Shutdown growing. With only enough money to keep the government running another 11 days, Republican Leaders say they will approve new funding only if obama care is defunded. The president is calling it extortion and even some republicans disagree on this highstakes political gamble. Our goal here is to cut spending and to protect the American People from obama care. Its as simple as that. We cant let the government shut down. We cant be kamikazes and we cant be general custer. There is backlash from americans who feel the bite of a shutdown.