- Two men accused of selling meth to undercover cop (6/22/17)
- Police: Man grabbed wheel, tried to kill driver and himself in Jackson crash (6/23/17)
- Jackson scores high in survey of residents; better streets, Aldi are high priorities (6/20/17)4
- Former Cape cop faces stealing-by-deceit charge (6/18/17)3
- Marble Hill mayor hires city manager without board approval (6/21/17)2
- Cape man faces charges of victim tampering (6/18/17)
- Two charged in theft of jewelry from Cape storage facility (6/23/17)1
- Library provides free lunches this summer (6/19/17)
- Fire destroys two greenhouses at Travelers Gazebo site in Cape (6/22/17)
- Annual SEMO District Fair event lineup announced (6/23/17)
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.