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• Obama pledges to tackle government spending
"We have an economic situation that is dire, and we're going to have to jump start this economy with my economic recovery plan, creating 3 million jobs," President-elect Barack Obama says. "That's going to cost some money. WASHINGTON - President ...
• No end in sight for job market woes
People look for jobs in front of computer screens at the California Employment Development Department in Sunnyvale, Calif. The country lost nearly 2 million jobs through November and more bad news is expected this week when the government releases ...
• Is this stock market rally for real?
The biggest force propping up stocks now is widespread confidence that the government is moving aggressively to revive the battered economy and credit markets. That confidence rests heavily on reports that the incoming Obama administration is ...
• U.S. deficit impact could be felt for decades
And what happens if the government borrows too much? The deficit has a number of causes: a shrinking economy has cut deeply into estimated tax revenues, hundreds of billions have spent bailing out the  financial system, and Congress has ...
• Oil plunges on worries about demand
Energy prices plunged across the board Wednesday after a government report showed U.S. oil reserves were much greater than expected, suggesting demand continues to fall. Sweet crude for February delivery tumbled 12 percent, or $5.95, to settle at $42 ...