The Senate passed a long-stalled measure on Thursday that would boost lending to small businesses, giving President Barack Obama’s Democrats one of their last chances before November elections they are working to revive the sluggish economy.
Dollar Hits Two Month Low Against Currency Basket Euro
The US dollar fall to a two-month low against present currency basket of the euro after reports of a weaker economic outlook added to investors’ worries about a US recovery and Federal Reserve minutes heightened concerns about the outlook for the U.S. economy, the euro rose Friday above the psychologically key 1.30 dollar mark.
US Stocks Plunge After Weak Jobs Report 2010
Wall Street stocks dived Friday after government data showed the US economy created fewer jobs than expected last month, raising questions about the strength of the recovery from recession.