President Obama is breaking up his $447 American Jobs Act into pieces to help push it through Congress. First up is a $35 billion package to go to states.
Despite heavy pushing this week, it looks unlikely that President Obama's jobs package will be passed as-is. And if it isn't passed, even those who do have jobs will feel it.
Mass layoffs are still in force, more than two years after the recession started. The newly unemployed face stiff competition amongst their peers, but also find strength in their numbers.
Many experts attributed a good day on Wall Street yesterday to an upcoming speech by Federal Reserve chairman Ben Bernanke. But others say big market swings are harder to explain.
A new study shows the social costs of impoverished children are growing, with economic consequences like high unemployment extending far into the future