Jobs report shows momentum for new year

Jobs report shows momentum for new year

The government is expected to report Friday that businesses stepped up hiring in December, a trend likely to gain momentum in 2011. Economists are predicting that employers added a net total of 145,000 jobs last month and that the unemployment rate dipped to 9.7 percent. Some are even more optimistic after a private payroll firm […]

Meet the new boss, not the same as the old boss

Meet the new boss, not the same as the old boss

Overhauling his team at the top, President Barack Obama on Thursday named banker and seasoned political fighter William Daley as his new chief of staff, hoping to rejuvenate both a White House storming into re-election mode and an economy still gasping for help. The choice of Daley immediately brought howls of protest from the left […]

IRS agent admits cheating on taxes

IRS agent admits cheating on taxes

A California-based Internal Revenue Service agent could spend up to nine years in prison after acknowledging that he cheated on his own taxes. Federal prosecutors say 51-year-old Albert Bront pleaded guilty Wednesday in Los Angeles to filing false tax returns for himself and two innocent relatives. The false tax form claims included bogus alimony and […]

Suicide bomber kills 17 in Afghanitan

Suicide bomber kills 17 in Afghanitan

The spokesman for the governor of the southern Kandahar province says a suicide bomber has killed 17 people in southern Afghanistan, near the Pakistan border. Zalmay Ayubi says the attack occurred Thursday in the town of Spin Baldok. Ayubi said the attacker set off his bomb in a barber shop where men also go to […]

Feds warn states: Don’t come to us, the well is dry

Feds warn states: Don’t come to us, the well is dry

Cut spending, raise taxes and fees, and accept billions of dollars from Congress. That’s been the formula for states trying to survive the worst economy since the 1930s. As Republicans prepare to take control of the House and exert more influence in the Senate, it’s clear that option No. 3 will soon wither. States will […]

Another 1,400 troops headed for Afghanistan

Another 1,400 troops headed for Afghanistan

The United States plans to send 1,400 additional Marines to Afghanistan to boost its combat forces ahead of the spring fighting season, the Wall Street Journal reported on Thursday. The United States, which led a 2001 invasion of Afghanistan that toppled the Taliban, has about 100,000 troops in the country, and President Barack Obama is […]

Obama to name new economic team Friday

WASHINGTON (Reuters) – President Barack Obama will announce on Friday whom he has picked to replace Larry Summers as his top economic adviser, with Gene Sperling seen as the front runner to take this influential White House role. Read the full story from Reuters