Regulatory & Compliance

WASHINGTON - Congress' top budget expert is going to help President-elect Barack Obama manage federal spending.

WASHINGTON - Seeking to pump more money into the sagging credit market, the government today unveiled additional programs to buy troubled assets.

WASHINGTON - Saying that the current economic crisis demands an economic team made up of people with "sound judgment and fresh thinking," President-elect Barack Obama today named his top economic advisers and the head of the Domestic Policy Counsel.

WASHINGTON - Federal regulators this weekend agreed to provide Citigroup with additional access to capital to protect it against losses from $306 billion worth of troubled assets, mostly loans and securities tied to the housing market.

SACRAMENTO, Calif. - The California Employment Development Department reported today that the state's unemployment rate rose dramatically in October to 8.2%, its highest level in 14 years.

WASHINGTON - Those out of work because of the nation's economic woes will get 13 more weeks of unemployment insurance as a result of a measure signed today by President Bush.