The Labor Department reported Friday that the U.S. unemployment rate hit 8.1 percent, its highest rate in 25 years. Ray Suarez reports on the latest employment numbers, reaction from the White House and the impact on Wall Street.
Syndicated columnists Mark Shields and David Brooks examine President Obama's newly-announced plan to end the combat mission in Iraq and what the president's budget blueprint says about his administration's spending priorities.
By Admin, PBS NewsHour
President Obama outlined his first budget plan to Congress with a $1.75 trillion deficit that includes the recently passed stimulus bill, the costs of the wars in Iraq and Afghanistan, funding for health care reforms and other spending.
President Obama has indicated that he may not seek upgrades to the presidential fleet of helicopters due to skyrocketing costs, an expense for which former President Bush had budgeted. An analyst assesses the rapidly rising prices charged by defense contractors.
President Barack Obama cast a new focus on the budget deficit Monday, announcing a goal of halving the $1.3 trillion gap by the end of his first term. Analysts weigh the goal.
By Admin, PBS NewsHour
With Congress taking up 2009 foreign operations appropriations this week, the head of the Global Fund to Fight AIDS, Tuberculosis and Malaria has been meeting with lawmakers to stress the importance of foreign health aid in tough economic times.
Stocks plummeted after bleak unemployment and manufacturing reports, and the California legislature approved and sent a budget to Gov. Arnold Schwarzenegger after a long political deadlock. Jim Lehrer recaps the day's other news headlines.
As the stimulus goes into motion, states around the nation are facing budget shortfalls. California is facing a particularly dire situation, with thousands of jobs on the line.
As the impact of the economic downturn ripples across the U.S., four public broadcasting reporters describe how the recession has impacted their states and local communities.
European markets plunged Friday and Britain officially declared itself in a recession. Elsewhere in the world, suspected American missiles killed more than a dozen people in Pakistan; five militants were reportedly among the dead. Jim Lehrer reports on these events…
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