President Obama's proposed fiscal 2012 budget is potentially a massive job-creation engine, with plans to generate millions of them by repairing and expanding highways, bridges and railways.
A $30 billion community bank fund created by Congress last year to increase lending to small businesses should help with job creation in South Texas, U.S. Rep. Henry Cuellar, D-Laredo, said.
U.S. retail sales and food service sales rose 0.3 percent in January over December, the Commerce Department said Tuesday. Sales, which climbed to $381.6 billion, rose less than expected, pushing stocks on Wall Street lower.
At least one person has been killed and several others injured after riot police in Bahrain opened fire at protesters holding a funeral service for a man killed during protests in the kingdom a day earlier.
Twitter said Monday in Barcelona it had become profitable, disclosing that its live messaging service is carrying 130 million daily tweets, or short messages, from its members.
Treasury Secretary Timothy Geithner is to appear before the House Ways and Means Committee at 1 p.m. EST and Budget Director Jacob Lew will testify before the House Budget Committee at 10 a.m. and the Senate Budget Committee at 2 p.m., their offices said.
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