Bush allows Katrina contractors to pay below prevailing wage - Sep. 11, 2005

I have not blogged much of anything really worth mentioning lately in view of the latest tragedy our country suffered as a result of Hurricane Katrina. So here is some pertinent economic news and actions that President Bush is taking to handle the issue... Fiscal policy versus Monetary policy are the root topics regarding these actions.

Bush allows Katrina contractors to pay below prevailing wage - Sep. 11, 2005: "Bush lifts wage rules for Katrina
President signs executive order allowing contractors to pay below prevailing wage in affected areas.
September 11, 2005: 11:59 AM EDT
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President Bush suspends part of the law protecting wages paid by federal contractors in rebuilding effort. CNN's Lisa Sylvester reports.
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WASHINGTON (Reuters) - President Bush issued an executive order Thursday allowing federal contractors rebuilding in the aftermath of Hurricane Katrina to pay below the prevailing wage."

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Technorati tags: Katrina,President,economics,fiscal policy