AP – A $1.6 billion congressional bailout of sorts could help financially flailing groups that fight to keep young people out of trouble, yet lawmakers are reluctant to take up the expensive proposal amid a sour economy and other, more pressing issues.
AFP – A fresh batch of US unemployment figures will on Friday provide Americans with a crucial litmus test for the sputtering economic recovery and President Barack Obama’s policies.
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Reuters – One upside of the worst U.S. economic slump since the Great Depression is that with fewer motorists on the road, the nation’s highways are less congested and in better shape, a study said on Thursday.
AFP – Wall Street stocks ended mostly lower the past week despite positive company earnings and corporate activity as pessimism over the US economic recovery prevailed.
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AFP – President Barack Obama held a kitchen table summit to try to restore Middle America’s sinking faith in his administration’s ability to revive the lackluster US economy.
AP – Broke, jobless and berated by her mother for her failings, Shaquan Duley killed her young sons, then strapped their lifeless bodies into their car seats before rolling the vehicle into a South Carolina river in a desperate cover-up attempt, authorities said.
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AP – Most Asian stock markets posted mild gains Friday as investors hunted for bargains following a three-day losing streak.
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AFP – Wall Street will keep a close eye on a key Federal Reserve policy meeting the coming week amid concerns the US economic recovery could stall following larger-than-expected job losses.
Reuters – Democratic leaders of California’s legislature have agreed on a state budget plan to counter Republican Governor Arnold Schwarzenegger’s proposal, an aide to one of the legislators said on Monday.
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AFP – US economic growth slowed dramatically in the second quarter, the government has said, stoking fears that the recovery is losing steam and fueling a fierce political debate over how to respond.