Interest rates fallon short-term T-bills
WASHINGTON -- Interest rates on short-term Treasury securities fell this week, with six-month bills hitting record lows. The Treasury Department sold $12 billion in three-month bills at a discount rate of 1.655 percent, down from 1.71 percent last week; it sold $14 billion in six-month bills at a rate of 1.750 percent, down from 1.8 percent.
Judge rules againstBush's executive order
WASHINGTON -- A federal judge has struck down an executive order by President Bush that required government contractors to post notices informing employees that they do not have to join unions or pay certain union fees. U.S. District Judge Henry H. Kennedy Jr. said in his ruling last week that Bush's executive order conflicts with the National Labor Relations Act, which prohibits such requirements.