The dollar is being dragged down by continued speculation that the Federal Reserve will cut the key Fed Fund rate at its meeting on Wednesday.

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But in 1997, Congress was considering a cut in the capital gains rate from 28% back down to 20%.

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Moreover, there was a serious tax cut in 1997, when the capital gains rate went down by eight points.

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Australian stocks trimmed earlier losses after the rate cut, finishing 0.2% down at 5143.70.

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Despite weakness in the financial sector, stocks started slightly higher Tuesday morning in New York, as Federal Reserve policymakers sat down to discuss the economy and a possible interest-rate cut.

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For its part, Thailand's central bank, the Bank of Thailand, cut interest rates in October last year, bringing down its key rate to 2.75% from 3%.

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The company cut its burn rate by 60%, Marino says and has 165 employees, down from 225 previously.

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Mr. Ryan's plan, known as premium support, would gradually bring down health costs and spending, but it's a "cut" only in the sense of slowing the rate of growth.

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