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is that better bn bernanke? for every night this guy is on drugs, oos nhe s not in the constituent s wallets. i d rather have him bingeing on crack than taxes. canada s long national nightmare continues. i heard that on the way up to canada on the trip that people were saying to matt lauer please, please don t give him anymore attention. but he s an attention magnet. our twitter and facebook people said why do we keep talking about it. because it s interesting. he s far less embarrassing than obama is. very good. you know what, bob literally took the point and just pulled it out of my mouth. no, just kidding. i think finally it s not one of our mayors. we covered filner, we talked about the weiner, spitzer. for once i m glad we re talking about one that is not our own. ....
Unemployment benefit for 2.5 million americans. after the house gives final approval, the bill goes to the president who says he will sign it as soon as he gets it. more words of caution from fed chair bn bernanke. he testified before the house financial services committee this morning. bernanke says the unemployment rate will gradually decline this year, but in a somewhat slower pace than the fed projected in the spring. he said the government needs to keep spending to stimulate the economy. maintaining the current level of fiscal support is important because the economy is still quite weak. at the same time in the medium and longer term we have an unsustainable fiscal trajectory. sales of existing homes fell by 5% last month. sales have been slumping since the government s home buyers tax credit expired in april. here is a look at the markets now rebounding from the news of ....
Bernanke s comments yesterday. looks like the dow jones having a good day heading up almost 200 points. s&p and nasdaq following suit. breaking news now, the storm brewing in the bahamas is now a tropical depression. it s gaining strength. even though the it s hundreds of miles away from the gulf, crews could get the sign any time to evacuate. the storm stopped work on the relief wells because it takes five days to clear everyone out of that area. the storm could move into the gulf over the weekend. right now, the well is still capped, but it s not clear if it can stay that way for long. we should find out more this afternoon. we are getting ready for a rare underwater glimpse of the oil disaster. kerry sanders about to take a dive under water in a submarine. reporter: we are 79 miles due west of edmont key off florida. the reason we are at this location, the scientific team working with noaa has been ....