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Obama to Mayors: Stimulus Must Be Spent Wisely
Says they have a responsiblity to make smart decisions on spending, he will not compromise or tolerate any shortcut in Friday remarks. About 85 mayors attend the East Room event, including San Francisco's Newsom, Chicago's Daley, and more. Following the event, the mayors will take questions from the media.
Wall Street Keeps Sliding
The Dow opens lower Friday, after hitting a 6-year low Thursday. European markets hit by wave of selling overnight as a Japanese index hits a 20-year low.
Clinton Not Looking to Fight Over Human Rights in China
Tells reporters Friday she'll raise those issues while in Beijing but thinks neither side is likely to give ground.
Consumer Prices on the Rise
Labor Department reports Friday consumer prices jumped up 0.3 % last month, the biggest monthly increase since a 0.7 % rise in July. Likely propelled by higher energy costs, though most believe the recession will keep prices in check this year.
RIP Magic Asterisk
Money shocker: Obama goes for truth in budgeting.
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A Truth Commission For Bush?
Also in the next issue of TIME magazine, Vermont Sen. Patrick Leahy makes his case for a truth commission to investigate possible crimes by the Bush Administration.
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