Thursday, February 19, 2009

Wall Street's Dow Jones Index Falls To Six Year Low

Feather News


The most closely watched gauge of the financial markets, the Dow Jones Industrial Average (DJIA), fell to its lowest level in six years.

The DJIA fell by almost 90 points today, closing at 7,466 points and marking the lowest close since October 9, 2002.

Congress passed a $787 billion stimulus bill this week. The bill includes $2.5 billion for Indian Country and $2.2 billion in tax bonding authority for Indian tribes.

The White House has established a web site that is designed to help Americans track projects funded by the stimulus bill. The website can be found at www.recovery.gov.

President Obama said, "The size and scale of this plan demand unprecedented efforts to root out waste, inefficiency and unnecessary spending. Recovery.gov will be the online portal for these efforts, publishing information about how the funding secured by the legislation will be spent in a timely, targeted and transparent manner."