The government says orders to U.S. factories fell a larger-than-expected 0.9% in March, while factory shipments dropped for a record eighth consecutive month. The report was further evidence of the severity of the recession.
A private group's measure of the manufacturing sector's health shows slower contraction in April than in the previous month, a possible sign that the economy is stabilizing.
A top senator says Barack Obama's Democratic allies in Congress have sealed agreement on a budget outline for next year that endorses the president's goals of expanded health care and more money for education and clean energy.
United Auto Workers President Ron Gettelfinger says the union's factory-level leaders voted unanimously Monday night to recommend that members approve concessions designed to keep Chrysler LLC out of bankruptcy.
Shares of makers of flu treatments, tests and vaccines are rising Monday as a swine flu outbreak makes its way across the globe, sparking fears of a pandemic.
The swine flu prompted investors to take stocks lower in the early going, but the market has remained resilient after General Motors announced a restructuring plan.
The Federal Reserve says the government is prepared to rescue any of the banks that underwent "stress tests" and were deemed vulnerable if the recession worsened sharply.
Investors set aside some of their worries about banks and the economy Friday after the government unveiled its methods for testing the health of banks.
The Treasury Department says it has provided General Motors Corp. with another $2 billion in federal loans as the giant automaker struggles to restructure.
The government says new U.S. home sales dipped slightly last month, but still beat expectations as builders start to see long-awaited encouraging signs about the housing market.