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The US president, Barack Obama, has morved to reassure americans about the government's broad surveillance of phone records and internet data. The intelligence operations were begun by George W Bush under laws passed in the wake of the September 11 attacks but have been expanded since, creating a vast data collection. Source: abc.net.au
The Reserve Bank Board is considering this morning whether to lift the official interest rate. The board will announce its decision this afternoon, and already theTreasurer Wayne Swan is warning the banks against hiking their interest rates beyond the RBA's increase.