n Defense Spending Battle, Lawmakers Seek Funds for Top Donors: Some lawmakers have already been lobbying their colleagues to support requests that will benefit defense contractors in their home states--companies that also help fill the campaign coffers of many members of Congress.
UK wages collapse at fastest rate in 60 years: Weekly wages fell at the fastest rate in 60 years in February as City bonuses were slashed and workers agreed to reduced hours in the wake of recession, the latest official figures show.
China has 'canceled US credit card': lawmaker: China, wary of the troubled US economy, has already "canceled America's credit card" by cutting down purchases of debt, a US congressman said Thursday.
US Senate defeats mortgage relief measure: The US Senate on Thursday defeated a measure that could have helped millions of Americans avoid foreclosure by letting bankruptcy judges cut their mortgage payments.
Chrysler court rescue bid begins: Chrysler closed its US factories on Friday - having earlier said it would wait until Monday - as proceedings to start its restructuring plans began.
US still deep in recession: American gross domestic product (GDP) - which tracks goods and services output within the country - dropped 6.1% over the first three months of the year, compared with 6.3% in the last three months of 2008. It is the largest first-quarter decline since the late 1950s.
Over 100 Investment Firms and Agents Subpoenaed in Widening Pension Fund Probe: A national network of investment firms and their middlemen are conspiring in fraudulent practices and kickback schemes to receive lucrative business opportunities with state and local pension funds, according to New York Attorney General Andrew Cuomo.
Mexico Scientists Say Flu's Ability to Spread Is 'Fairly Low': -- Mexican scientists studying the influenza virus here have found that its ability to spread from person to person is "fairly low" and no more infectious than normal seasonal flu, giving them hope that they can better contain its spread.
Posts
