Obama year of turmoil defined by crises and gains
Barack Obama faced a tumultuous 2010 with a Christmas Day underpants bombing scare, Winter storms, and a stalled economy. Yet the year ended with a treaty with Russia, repeal of the gay ban in the armed forces, and a two year extension of Bush era tax rates amid a combative political climate.
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Fewer seek unemployment benefits signaling slow job improvement
The Labor Department reports a 3,000 drop to 420,000 in initial claims for unemployment benefits, the second fall in three weeks. The four week average rose slightly to 426,000 while economists see gradual improvement but warn a sustained drop to 375,000 is needed for meaningful hiring gains.
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