- Say Cheese: The story behind the famous sandwiches at the East Perry Fair (9/22/17)
- McClure man accused of leaving children in hot truck while gambling in casino (9/19/17)1
- Anne Limbaugh dies, leaves legacy of caring (9/22/17)
- New boutique store advocates for special-needs people (9/19/17)
- Former football players provide leadership training at middle school (9/24/17)
- Cape Girardeau native Jessica Johnston to compete as castaway on 'Survivor' season 35 (9/24/17)
- New businesses popping up all over Cape Girardeau (9/24/17)
- Former major-league slugger Darryl Strawberry to speak at La Croix (9/20/17)
- Mo. conservation agents help fight fires in western U.S. (9/15/17)
- Young entrepreneurs add fresh ideas, unique offerings for area market (9/18/17)
Fed makes $50 billion available for Europe to support banks
AP Economics WriterWASHINGTON (AP)-- The Federal Reserve, seeking to stabilize the global economy following the worst terrorist attack in U.S. history, announced Thursday that it was making $50 billion available to stabilize European banking systems.
The Fed said it was taking the action "to facilitate the functioning of financial markets and provide liquidity in dollars."
The unusual move followed by one day a joint statement from the world's seven richest countries pledging that their central banks would coordinate activities to make sure that emergency withdrawals did not destabilize any of their banking systems.