- CEO Chambers: Cisco's Outlook Is Strong
- US Senate to Vote Thursday on 'Cash for Clunkers'
- Jobless Data, Retail Sales to Challenge Stocks
- Berkshire Results May Show Buffett Still Has the Touch
- SEC's Schapiro: Ban on Flash Trading Will Take Time
- American Express Credit Card Defaults Fall
- Secrets Of The Super-Rich: How Are They Investing?
- Former AmEx CEO Close to Being AIG Chairman: Report
- Traders Hit With 'Naked' Short-Selling Charges
- CEO Chambers: Cisco's Outlook Is Strong
- Finally, A Useful Product
- Cisco Beats; But Will It Also Raise?
- Trade Commodities to Hedge Against Inflation: Strategist
- Stimulus Spending Fails to Follow Unemployment, Poverty
- Tough Times for Teen Apparel Retailers
- Schork Oil Outlook: 'We Should Look for an Artificial pop Next Month'
- Prepare For a 10-12% Inflation: Stock Picker
- Stock Picker: There's Room for More Market Growth
- When Bad News is Good; Cisco Prepares to Report
- NZ's jobless rate hits 6 percent, 10-year high
- Infected citrus pest confirmed in US
- Fairpoint Communications posts 2Q loss of $17.8M
- Murphy Oil 2Q profit plunges on energy prices
- Automakers' shutdowns drive suppliers' 2Q losses
- 200,000 Black & Decker trimmers recalled
- Thoratec raises 2009 profit and revenue estimates
- Thoratec 2Q profit slides on HeartWare expense
- Baxter produces commercial swine flu vaccine
Ex-Fed chief says economic downturn's end is near
Text Size 
WASHINGTON - Former Federal Reserve chairman Alan Greenspan says the economic downturn is not quite over but that the end is nearing.
Greenspan says that the health of the financial system has improved significantly. He says the collapse of the financial system is "off the table" after the system teetered for a while.
Greenspan expects unemployment and job losses to continue but at a slower rate.
The former Fed chief says the overwhelming response to the "cash for clunkers" program shows that confidence in the economy is picking up. The program gives car owners cash incentives for trading in older, less fuel-efficient cars for more efficient models.
Greenspan appeared Sunday on ABC television's "This Week."
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Print
Email
Data is a real-time snapshot *Data is delayed at least 15 minutes