More than 100,000 low-income families could lose their rent subsidies next year under a spending bill passed by a Senate committee and recently approved by the House. By David Firestone. [New York Times: Business]
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President Bush opened up a tough new campaign to try to persuade the nation that his economic policies are working and to counter intensifying Democratic criticism. By Elisabeth Bumiller. [New York Times: Business]
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Underfunded pension liabilities at troubled U.S. companies doubled this fiscal year, and could exceed $80 billion with airlines accounting for nearly a third of the deficit. By Reuters. [New York Times: Business]
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