Wages and benefits paid to U.S. workers posted a modest gain in the fourth quarter, ending a year in which recession-battered workers saw their compensation rise by the smallest amount on records going back more than a quarter-century.
The earthquake that ravaged Haiti on Jan. 12 disrupted the island’s crucial apparel industry, crippling the livelihood of thousands of Haitians and curtailing a substantial chunk of the island’s exports to the United States.
Mindful of soaring deficits and an anti-Wall Street mood, President Barack Obama wants a new 10-year tax on the country's largest banks to cover a projected $117 billion shortfall in the government's financial crisis bailout fund.
Congress got its first behind-the-scenes look Wednesday at the botched airline bombing and officials said the security failures were even worse than President Barack Obama outlined last week. It remains unclear, however, how those failures will be fixed.