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U.S. National Economy


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Governors urge Obama to help the poor, boost economy

PHILADELPHIA, Dec. 2, 2008 (Reuters) — U.S. state governors urged President-elect Barack Obama on Tuesday to pump money into infrastructure and help support the poor as a sinking economy hits state budgets hard. ...  > full story

House to push $500 billion stimulus bill

WASHINGTON, Dec. 1, 2008 (Reuters) — U.S. House of Representatives Speaker Nancy Pelosi met leading governors on Monday to discuss the size and shape of an economic stimulus package that one Democratic aide said was likely to cost around $500 billion. ...  > full story

Retail stocks fall on holiday shopping worries

NEW YORK, Dec. 1, 2008 (Reuters) — Key retail stocks fell on Monday as investors feared that deep discounts offered by U.S. stores during the year's first holiday shopping weekend could sap profits and would not save a bleak season. ...  > full story

Bush calls flawed Iraq intelligence biggest regret

WASHINGTON, Dec. 1, 2008 (Reuters) — President George W. Bush said the biggest regret of his presidency was flawed intelligence that Iraq had weapons of mass destruction and told ABC "World News" in an interview airing on Monday that he was unprepared for war when he took office. ...  > full story

Car sales slide shows auto crisis worsening

MILAN, Dec. 1, 2008 (Reuters) — Car makers reported tumbling sales across Asia and Europe on Monday as the recession drove buyers from showrooms and drew a warning of more gloom next year. ...  > full story

Qaeda's Zawahri says U.S. wars behind financial crisis

DUBAI, Nov. 28, 2008 (Reuters) — Al Qaeda's second-in-command said in an Internet video the U.S. financial crisis was caused by Washington's military campaigns in Iraq and Afghanistan and taxpayers were paying the price. ...  > full story

Poverty spreading in suburbs: study

WASHINGTON, Nov. 28, 2008 (Reuters) — Poverty in the United States is spreading from rural and inner-city areas to the suburbs, according to a study, a situation that can worsen as the economy confronts what may be a protracted recession. ...  > full story

World stocks headed toward 6th session of gains

LONDON, Nov. 28, 2008 (Reuters) — Global stocks headed toward a sixth consecutive session of gains on Friday, although European shares were weak, as investors took some comfort from government moves to stimulate a deteriorating world economy. ...  > full story

Consumers cut spending

NEW YORK, Nov. 26, 2008 (Reuters) — Housing, consumer spending and business investment all weakened sharply last month as the dizzying downward spiral of the world's largest economy gathered speed, data showed on Wednesday. ...  > full story

Shares fall as stimulus weighed

LONDON, Nov. 26, 2008 (Reuters) — World stocks struggled on Wednesday, with European and Japanese markets falling, while the low-yielding Japanese yen rose as investors counted the cost of global fiscal stimulus packages to boost flagging economies. ...  > full story
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