Top Chinese banker Guo Shuqing calls for wider use of yuan: The head of China's second-largest bank has said the United States government should start issuing bonds in yuan, rather than dollars, in the latest indication of the increasing importance of the Chinese currenc
600,000 Seniors About To Lose Their Homes: More than 600,000 seniors are delinquent in their mortgage payments or already in foreclosure, USA Today reports.
Unemployment rate highest since 1983: The U.S. economy cut 345,000 jobs last month alone. The count of total jobs lost in the current economic recession is 6 million. The unemployment rate, at 9.4 percent in May, has risen to the highest level since 1983.
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