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The nation's unemployment rate in February was 8.1 percent. The Labor Department reports more than 651,000 jobs were eliminated last month. Employers are cutting their payrolls and looking for other ways to cut costs as the recession takes a bite out of their sales and profits.

President Barack Obama Friday called the loss of 651,000 U.S. jobs in February "astounding." Obama was in Columbus, Ohio, to meet with police department recruits whose jobs were protected by the government stimulus package passed last month.

In his weekly radio address Saturday morning, President Obama said his $3.6 trillion budget proposal reflects the priorities of the voters he met on the campaign trail, but he acknowledged not everyone shares those priorities.

The Dow Jones industrial average fell Monday more than 3 percent, slipping below 7,000 for the first time since 1997. The markets are reacting to a variety of negative reports, everything from AIG's losses to Warren Buffett's comments over the weekend.

The Supreme Court ruled Wednesday people injured by drugs can file lawsuits against the manufacturers in state courts, even when the drugs involved had been approved by the Food and Drug Administration. The ruling came in the case of a guitarist who lost an arm because of a botched anti-nausea injection.

President Obama described an America ready for the daunting challenges it faces, from an economy in crisis to wars and terrorist threats from abroad. In his first speech to a joint session of Congress, the president called on politicians and the public to embrace shared sacrifice and new efforts to improve health care, schools and the environment.

President Barack Obama unveiled a $3.6 trillion spending plan that pushes this year's deficit to levels not seen seen World War II. Longer term, though, the budget seeks to cut the deficit back to size by 2013. The budget can also be seen as a blueprint for the president's ambitious policy goals.

President Barack Obama spoke to a joint session of Congress for the first time last night before a national audience. He outlined an ambitious plan to repair the national economy, and reemphasized his commitment to health care, and education as top priorities. But some Republicans are skeptical of Obama's agenda.

Secretary of State Hillary Clinton wrapped up her first overseas tour by attending a church service in the Chinese capital and meeting with women's leaders Sunday. She also suggested that by buying more U.S. treasury bonds, China would be helping its own economy.

A rocket carrying a NASA satellite meant to track global warming has landed in the ocean near Antarctica after a failed launch. The rocket with the Orbiting Carbon Observatory lifted off Tuesday morning from California's Vandenberg Air Force Base.