The U.S. economy continues to lose jobs as the government reports Friday morning that 95,000 positions were cut from the nation’s payrolls.

Former Federal Reserve Chairman Alan Greenspan says the nearly $800 billion stimulus program has fallen short of expectations, and that the government should get out of the way and let the market help fuel recovery.

President Barack Obama held a news conference at the White House on Friday, fielding questions from the press on topics ranging from the economy to national security to peace talks in the Middle East.

President Obama will be presenting a new $50 billion proposal for infrastructure investments at a speech in Wisconsin.

While large portions of the East Coast breathed a sigh of relief as Hurricane Earl lost strength overnight, another storm, this one economic, was also less damaging than expected.

President Barack Obama is urging Congress to act on a bill he says will benefit small businesses by creating additional tax cuts and making credit more readily available. That, he said, would make it easier for small businesses to invest, expand, and increase hiring.

Federal Reserve Chairman Ben Bernanke says the nation's economic recovery has come a long way since the 2008 financial collapse. But, speaking in Jackson Hole, Wyo. on Friday, he also acknowledged that there's "still some way to travel."

The nation’s payrolls shrunk by 131,000 jobs last month. That's another troubling sign that the recent economic recovery could be stalling.

For the first time this year, the economy lost jobs largely as a result of 2010 census workers losing those temporary jobs in June.

Leaders of the world'd 20 largest economies pledged to slash budget deficits in half by 2013 and balance their budgets by 2015, even while they downplayed national differences in their fiscal strategies.

Home construction plunged last month to its lowest level of the year since December.

North Korea declared it would sever all ties with South Korea today.

The Broadway industry made more than $1 billion and sold nearly 12 million tickets in its 2009-10 season. That's a 1.5 per cent increase from the 2008-09 season, according to The Broadway League.

But even as foreclosure rates dipped, bank repossessions of properties rose last month.

World stocks fell today, following Monday, one of the strongest days markets had in months.

The spike followed an announcement from the European Union and the International Monetary Fund that they would provide nearly $1 trillion to help bail out European nations.