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The Federal Reserve says it will hold a two-day meeting in December to weigh it's next move on interest rates and to make a fresh assessment of the economy.

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Mortgage rates fell for the third week in a row amid reports of record-high job losses, weak retail sales and a home-construction market in a deep slump.

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The United Auto Workers union called on Congress and the Bush administration on Thursday to get a loan to U.S. automakers to prevent their collapse before the legislature adjourns Friday.

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General Motors has a market capitalization of about $2 billion. The stock, which now trades for a little more than $3 a share, hit a 70-year low on Thursday morning before recovering a bit.

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Democratic leaders said Thursday that Congress would return in December to consider extending a $25 billion lifeline for troubled U.S. automakers if the companies devise a "viable" recovery plan.

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The ranks of Americans getting by on unemployment insurance are rising fast.

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Wall Street seesawed Thursday afternoon, as investors eyed stocks at 5-1/2 year lows and reports that lawmakers may have reached a compromise to bail out ailing automakers.

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