Deficit projected at 1.3 trillion as unemployment stays high
The White House forecast shows 9 percent unemployment next year and a 1.3 trillion deficit for the coming budget year. GDP growth is pegged at 1.7 percent, with higher oil prices, Europe’s slowdown, and Japan’s earthquake cited as drag factors. President Obama plans a primetime address on September 8 to unveil a jobs plan and defend his fiscal path.
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White House
Barack Obama
Office of Management and Budget
Obama
Jacob Lew
Congress
House
John Boehner
Rohio
Europe
Japan
U.S
Budget Office
Capitol
Jay Carney
Carney
Hector Sealey
Ft. Myer Construction Corporation
Afl-Cio
Richard Trumka
Closing Stocks NYSE Most Active Prices by AMR
NYSE listed stocks led most active movers with prices across multiple names including AMD Alcoa Altria Coca Cola JPMorgan Exxon Ford Gerdau and others. Data shows tickers with high, low and close values. market breadth and specific price shifts vary by issue.
Wells Fargo and rivals see mixed trading figures
The fragment lists WellsFargo and WendysCo alongside other tickers with numeric figures such as 26.24 and 5.15, plus volume-like data and partial balance numbers, suggesting a stock market snapshot or portfolio excerpt from a financial page.
Banks stock slide follows Goldman actions in mortgage probe
New York stocks ended a four day rally as regulators acted against a former Goldman Sachs unit over mortgage and foreclosure practices. Traders eyed Friday jobs data amid recession fears. Goldman fell 3.5 percent after the Fed ordered Litton Loan Servicing to review foreclosure conduct. Banks' shares declined on broader regulatory worries.
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Hog market report from Stockyards Peoria Hogs
Trading moderately active barrows and gilts are 1.00 lower with 230-260 lb at 57.00 to 57.50 and 270-280 lb at 55.50 to 57.00. Sows hold steady with 300-400 lb at 62.00, 400-500 lb at 62.00, 500-700 lb at 65.00. Boars: over 300 lb 21.00, under 300 lb 38.00.
MENTIONED IN THIS ARTICLE
The
Associated Press
Grain futures dip on CBOT as prices slide across grains
Grain futures on the Chicago Board of Trade declined with Wheat for December down 30.50 cents to 7.61 a bushel, December corn falling 29 cents to 7.3850 a bushel, December oats down 10.50 cents to 3.62 a bushel, and November soybeans slipping 23 cents to 14.3450 a bushel.
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Chicago
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