Battered by the recession, many states have found they can no longer cover unemployment insurance funds. Some states are cutting the number of weeks a laid-off worker can expect to receive benefits. NPR's Senior Business Editor Marilyn Geewax and Rick Nivison, who is currently receiving unemployment benefits, talk about the cuts to the benefits. Nivison lives in Michigan, which recently cut the number of weeks someone can claim state unemployment insurance from 26 to 20 weeks.
Prices for single-family homes have fallen to their lowest level since the housing bubble burst in 2006. The latest S&P/Case-Shiller index for March shows prices dropping in 18 out of 20 major metro areas. The nationwide index fell for the eighth straight month. A glut of foreclosures is a major reason home values continue to deteriorate.
John Bryson, the retired former CEO of Edison International, has been chosen by President Obama to be the next secretary of commerce, The Associated Press, CNN, Politico and several other news outlets are reporting.
The president is expected to make the announcement early this afternoon.
Bryson would succeed Secretary Gary Locke, who has been tapped to be the next ambassador to China.
A flight attendant prepares to close a luggage bin on the redesigned 737. Thanks to the bin's new pivoting motion, passengers in the aisle seat will have more headroom.
The new "Sky Interior" of the Boeing 737 features LED adjustable lights that can mimic conditions outside the plane.
Credit Jim Coley / Boeing
A row of 737's being fitted with the new interior at Boeing's Renton, Wash., factory.
American Airlines just took delivery of its first Boeing 737-800, a passenger plane with an option list that includes LED lighting that can be tuned to the time of day (or night), more headroom, larger storage bins and a futuristic feel.
On a reporter's recent visit to the Boeing factory in Renton, Wash., outside Seattle, a row of 737s stood nose to tail. If you think the glory days of American manufacturing are but a memory, consider this: From start to finish, it takes 10,000 mechanics and engineers 11 days to build a new 737.