The Markit CDX North America Investment Grade Index, which rises as confidence in companies deteriorates, climbed 25 basis points to a record 220 at 7:50 a.m. in New York, according to broker Phoenix Partners Group. http://www.bloomberg.com/apps/news?pid=20601109&sid=ad5I2uMlzN7o&refer=home
"It's banana republic financing," Lockyer said. The spending plan relies on "phony money and phony estimates." http://blogs.usatoday.com/ondeadline/2008/09/schwarzenegger.html
