Wall Street closed out its first two-week gain in almost a year Friday barely. After a mixed start, stocks veered lower in the afternoon as financial stocks fell and investors collected profits from the advance that saw the Dow rise 14 percent over seven trading days.
Despite new estimates that say President Barack Obama's budget would generate unsustainable large deficits averaging almost $1 trillion a year, the White House insisted Friday that the flood of red ink won't swamp its costly agenda.
The African Union on Friday suspended Madagascar as the international community stepped up the pressure on the increasingly isolated island nation where the army forced the country's president from power.
The Senate on Wednesday easily confirmed former Dallas Mayor Ron Kirk as the U.S. trade representative, making him the first African-American ambassador for a new, more limited Obama administration approach to free trade.