U.S. employers shed 533,000 jobs in November, the most in 34 years, and the unemployment rate rose to 6.7 percent, the government said Friday in a worse-than-expected report.
Democrats retained control of the House and pushed for historic gains in their majority? by solidifying their dominance in the Northeast and making inroads in the South and West.
Treasury Secretary Henry Paulson on Friday sketched the outlines of a bold approach to confront the nation's financial crisis. "We're talking hundreds of billions" of dollars, he said.
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