- Cape student sues, accuses school officials of slamming her to ground multiple times (04/28/16)46
- Bob Evans restaurant in Cape Girardeau among chain's 21 closings (04/26/16)9
- Missouri House votes to allow concealed weapons without permits (04/28/16)8
- Police report filed, but no charges in incident at Cape Central (04/29/16)40
- Two hurt in motorcycle wreck on Interstate 55 (04/25/16)1
- Senator introduces bill for I-57 that would connect Sikeston with Little Rock (04/28/16)4
- Law firm requests information about Cape's traffic cameras (04/25/16)3
- Local lawmakers split over failed medical marijuana bill; voters may have a say (04/26/16)19
- Local company makes eco-friendly kitty litter that cuts cat-box smell (04/25/16)
- Man accused of pointing BB gun at Chaffee resident (04/26/16)2
O'Neill defends being overseas as economy floundered
WASHINGTON -- Treasury Secretary Paul O'Neill defended his absence abroad last week rather than being at home to reassure worried Americans about the economy. He said Sunday he doubted that "a few words will calm the market."
O'Neill went to four former Soviet republics, including Kyrgyzstan and Uzbekistan, to gather information on how to bolster their economic growth, private investment and living standards.
"I don't think that one individual can say words that will cause the market to go in one direction or another for a sustained amount of time. I think my job is to work on the fundamentals," O'Neill said on CBS's "Face the Nation."
Some economists said O'Neill's absence and lack of reassuring words in a time of economic turmoil at home underscored the perception that he, the Bush administration's chief economic spokesman, is disconnected.
O'Neill he was never out of touch with the markets and Washington during his trip.