Date: Tue, Aug 24, 2010 at 12:00 PM
Existing-home sales plunge 27.2% in July
The sale of existing U.S. homes sank 27.2% in July -- the biggest one-month drop ever -- largely because of the phase-out of a federal tax credit, according to an industry trade group.
The sale of existing U.S. homes sank 27.2% in July -- the biggest one-month drop ever -- largely because of the phase-out of a federal tax credit, according to an industry trade group.
BOEHNER: GEITHNER AND SUMMERS SHOULD GO
President Barack Obama should call for the resignation of both Treasury Secretary Timothy Geithner and Larry Summers, the head of the White House's national economic team, House Minority Leader John Boehner said Tuesday.
ALASKA, ARIZONA, FLORIDA ON TAP FOR TUESDAY
The Republican ticket in the 2008 presidential election figures prominently in Tuesday's primaries as Sen. John McCain seeks to win again in Arizona and Sarah Palin's choice for a Senate seat faces an uphill climb in Alaska; In Florida, the winner of the Democratic nomination faces a tough race in November from both the Republican and independent tickets.
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