Over the next few years, a wave of commercial real-estate loan failures
could threaten America's financial system, and in the worst case
scenario, hundreds of additional community and midsize banks could face
insolvency, a congressional watchdog group said Thursday.
The U.S. unemployment rate unexpectedly dropped to 9.7 percent in
January from 10 percent in the prior month, but employers eliminated an
additional 20,000 net jobs over the month, the government said Friday
in a report that shows the labor market has yet to turn the corner
despite the return of growth to the economy.