An interactive look at non-voters through the last 3 White House elections. O'Neill, a former White House aide in the Ford administration who later was credited with turning around aluminum giant Alcoa as its chairman, sailed through his confirmation hearing before the Senate Finance Committee. It won't hurt. We'll get ready for the next round of expansion in our economy. Worried that the economy was weakening and could slip into a recession, the Fed unexpectedly slashed interest rates on Jan. 3 by one-half a percentage point.
Analysts expect additional rate cuts in the coming months.
No decisions have been made, he said. O'Neill earned high marks from senators for both his government and business credentials. He is expected to win Senate confirmation Saturday and be on the job next week, said the committee chairman, Sen. Max Baucus, D-Mont. The tax cut, he suggested, might jeopardize those issues. We must prepare for it now.