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Lack of jobs loosens Democrats' grip on power

Lack of jobs loosens Democrats' grip on power

The sweeping overhaul of the nation's financial industry is President Barack Obama's answer to the nation's outrage over Wall Street bailouts. But come November if more Americans don't have jobs, Democrats in Congress could very well lose theirs, too.

 

U.S. labor group unveils plan to tackle joblessness

The head of the largest U.S. labor federation urged President Barack Obama on Tuesday to use the $700 billion Wall Street bailout fund to help cash-starved small businesses as a way to stem rising joblessness.

 

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