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Today’s News

Jobless claims drop

Washington - New claims for unemployment insurance fell last week to their lowest level in eight months, a hopeful sign that companies may be having a bit more faith in the staying power of the economic recovery and thus are easing the pace of layoffs.

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Lower deficit forecasted

Washington - Administration and Congressional budget officials now say the federal deficit should fall below $400 billion for the fiscal year that just ended, a little better than previously forecast.

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CALIFORNIA DREAMIN'

Washington - Californians terminated their governor's career and replaced him with an action movie star, an extraordinary act of voter petulance that put incumbents on notice nationwide.

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'Joe Must Go'

The recent California recall was tame compared to the events surrounding a weekly newspaper editor's efforts to recall U.S. Sen. Joseph McCarthy, R-Wis., nearly a half century ago.

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