US Treasury Sec, Greenspan Draw Positive Picture of US Economy - 2004-02-24
Treasury Secretary John Snow says the U.S. economy is on a healthy growth path, thanks to the tax cuts that were passed by Congress last year.
He said they are able to carry more short-term debt, in large part because they have been cushioned by rising home prices. The lowest interest rates in 40 years have prompted millions of Americans to refinance their 15- or 30-year home loans, something that has typically reduced monthly mortgage payments.
Read the full story at VOA