Word: hornick
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Dates: during 1990-1999
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...shattering the prospect of the first balanced budget in three decades, the Speaker's remarks helped deepen investor pessimism about economic prospects. "What we're hearing from the market is that the absence of a budget deal will lead to higher interest rates," reports Deputy Chief of Correspondents Rick Hornick. "That would lead investors to pull their money out of stocks. But it may be a stretch to say that the trouble in Washington fully accounts for what has happened in the markets this week. Technology stocks are also falling. Investors seem to think they've overbought them. What...