11:34am: Obama administration proposes cuts in funding for more than 100 federal programs in latest salvo in 2010 budget fight. More | 11:22am: Wal-Mart reports a 5% increase in its same-store sales. Sales pick up for other merchants, but pockets of weakness remain. More 10:10am: The number of people filing first-time unemployment claims falls by 34,000. Continuing claims hit 14th straight record high. More 7:35am: States struggle to close new shortfalls before fiscal years end in June. Too late for spending cuts, states must tap into reserves or federal stimulus funds. More 11:30am: Troubled automaker burns through $10.3 billion in the first quarter, leaving it with barely enough cash to operate. More |
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