The unemployment rate held at 9.7 percent in February as employers shed
36,000 jobs, fewer than expected. The figures suggested the job market
is slowly healing but that significant hiring has yet to occur.
New York Gov. David Paterson might have won some time when he received
what has become rare support from influential black leaders as he tries
to ride out allegations in two scandals that threaten his job and led
to the resignation of three top staffers.
Citigroup Inc. Chief Executive Vikrim Pandit on Thursday publicly
thanked U.S. taxpayers for the $45 billion bailout that saved the
company during the financial crisis in 2008, as a congressional
watchdog panel examined the firm's finances and the government's
continued ownership stake.
President Barack Obama is urging Congress to finally push through his
massive health care overhaul, freshening it with a handful of
Republican ideas in a gesture of bipartisanship but strongly signaling
Democrats will go it alone.
Putting a lone senator's cantankerous challenge behind it, the Senate
is back to work on a $100 billion-plus bill reviving popular tax breaks
and extending longer and more generous jobless benefits through the end
of the year.
Rep. Charles Rangel announced Wednesday he will temporarily step down
as chairman of the powerful House Ways and Means Committee, saying he
didn't want his ethics controversy to jeopardize election prospects for
Gov. David Paterson personally directed two state employees to contact
the woman who told police she was assaulted by her then-boyfriend, a
top aide to Paterson, but later failed to press charges, The New York
Times reported late Monday.