The second straight month of job losses all but ended the debate over whether the U.S. economy has slipped into recession. The Labor Department says nonfarm payrolls tumbled 63,000 in last month, after falling 22,000 in January, which was the first decline in more than four years. Tonight, Suzanne Pratt takes a look at what today's data means for the economy and new hopes of another rate cut by the Federal Reserve.

Wall Street stocks fell, came back, and fell again on the news. The Fed is moving to assist credit markets. Today the central bank said it would boost the size of its term auction facility or TAF to $100 billion. And how much is too much? Lawmakers on Capitol Hill say top banking industry executives were paid far too much in salary, retirement, and bonuses while their companies' fortunes declined. Countrywide Financial's Angelo Mozilo, Stan O'Neal formerly of Merrill Lynch, and Charles Prince formerly of Citigroup are defending their millions in compensation and the contributions they made to their respective companies.

Plus, tonight's Market Monitor say gold is the best hedge in this growing global credit crisis. He's Mark Skousen, author of Investing in One Lesson.