Auto makers return to Washington to ask for financial bailout
Mark Zandi, chief economist and cofounder of Moody's Economy.com testifies before the Senate Banking Housing and Urban Affairs committee about the state of the US automobile manufacturing industry on Capitol Hill in Washington on December 4, 2008. Chrysler, GM and Ford are asking Congress for billions of dollars to help the industry weather the current economic crises. (UPI Photo/Roger L. Wollenberg)
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The White House has been testing the reaction in Washington to economist Mark Zandi running the Federal Housing Finance Agency, a policy analyst said.
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Democrats say the federal budget sequester is to blame for a disappointing U.S. March jobs report but Republicans blame President Barack Obama's policies.
U.S. stock indexes open down, close down ... Census Bureau: Child-care costs rise ... Minister: Italy to repay debt sans taxes ... Pemex research unit, Exxon sign tech pact ... News from United Press International.
U.S. stock indexes maintained a downward trend throughout the trading session Wednesday, reacting to a lackluster report on March private-sector job creation.
U.S. stock indexes maintain downward spin ... ADP: 158K new private-sector jobs in March ... Indian PM says 8 percent growth possible ... Samoa Air charges by weight, not seat ... News from United Press International.
Private-sector employment in the United States rose by 158,000 jobs from February to March, payroll processor ADP said Wednesday.
The U.S. unemployment rate held steady in December at 7.8 percent, with 155,000 new non-farm jobs added, the Bureau of Labor Statistics reported Friday.
The U.S. Labor Department Wednesday said first-time jobless benefits claims dropped back close to where they were before Hurricane Sandy.
U.S. stock indexes were mixed Wednesday, as a private payroll company said 118,000 jobs were added to the economy in November.
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