President Obama once again makes the case for his economic recovery plan and speaks of the need for health care reform in his weekly video/radio address.

He also pledges again to bring the federal budget under control:

"Like every family going through hard times, our country must make tough choices. In order to pay for the things we need -- we cannot waste money on the things we don't.

"My administration inherited a $1.3 trillion budget deficit, the largest in history. And we've inherited a budgeting process as irresponsible as it is unsustainable. For years, as Wall Street used accounting tricks to conceal costs and avoid responsibility, Washington did, too.

"These kinds of irresponsible budgets -- and inexcusable practices -- are now in the past. For the first time in many years, my administration has produced a budget that represents an honest reckoning ... Read more »

HARARE, Zimbabwe (CNN) -- Zimbabwe's prime minister believes the truck driver that struck his car and killed his wife deliberately drove toward him, his party told CNN Saturday.

It's finally official: The most corrupt cops in city history will spend the rest of their lives in jail.

"Mafia Cops" Louis Eppolito and Steven Caracappa, convicted in April 2006 of committing eight murders while on the payroll of a mob underboss, received life sentences Friday in Brooklyn federal court.

Eppolito, the son of a mobster, was sentenced to life plus 100 years. Partner Caracappa received life plus 80 years. Each was fined more than $4 million.

Although the pair remained jailed in the years since they were convicted of betraying their badges, their case was ... Read more »

The February employment report, released Mar. 6, was not as bad as some on Wall Street had feared, but it was still pretty lousy. Nonfarm payrolls fell another 651,000 in February, while the unemployment rate jumped to 8.1% from 7.6%. The deep job losses point to protracted weakness in the U.S. labor market, with Standard & Poor's forecasting another 2 million job losses by fall.

Wall Street economists and analysts had plenty to say about the jobs report and other key topics on Mar. 6. Here's a sampling:

William Knapp, MainStay Investments

February payroll and unemployment data came in pretty much as anticipated. The Labor Dept. reported Friday in its Payroll Survey that the U.S. economy shed 651,000 jobs for the month. In the separate Household Survey, the unemployment rate rose half a percent, to 8.1%.

Revisions to January and December cropped an additional 161,000 jobs. Cumulative jobs lost since the current recession began ... Read more »

U.S. Secretary of State Hillary Clinton and Russian Foreign Minister Sergei Lavrov are meeting in Geneva in their first formal talks since the secretary assumed her new post.

The discussions are expected to cover world tensions from Afghanistan, to U.S. plans for a missile defense shield in Europe, to Iran's nuclear program.

Earlier in Brussels, Clinton described Europe as an essential U.S. partner and pledged to continue building the trans-Atlantic relationship.

On ties with Russia, Clinton noted good chances for cooperation on such issues as terrorism and non-proliferation. But she said the sides disagree on certain things, stressing Washington's condemnation of Russia's military action in Georgia last year.  

She criticized Russia for using energy as a tool of intimidation and said U.S engagement with Russia in no way underm ... Read more »