U S firms cut jobs for seventh straight month
U S companies reduced payrolls for a seventh consecutive month in August, with a 92 000 loss cited by the Labor Department. Unemployment eased to 6 1 percent from 6 2 percent but economists warned the jobs slump risks the recovery.
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Bush closes campaign on economy in Midwest tour
President Bush wraps a trio of Midwest economy speeches with new fund raisers to bolster his re election drive. He cites small business support and an improving economy while noting 2.7 million jobs lost since taking office and defending tax relief as a factor in the deficit.
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Congress opens talks to fix energy bill after blackout
Senate and House negotiators vow to complete a bipartisan energy bill by month end. They aim to boost grid reliability while avoiding sweeping measures like Alaska wildlife refuge drilling. Sen. Pete Domenici leads the conference, facing regional rifts and political pressure amid volatile gasoline prices and heating costs.
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