U.S. EconomyAP - To the list of economic woes squeezing small banks, add another one: government bailouts.
U.S. Economy
Fears grow as millions lose U.S. jobless benefits (Reuters)
Reuters - Deborah Coleman lost her unemployment benefits in April, and now fears for millions of others if the Senate does not extend aid for the jobless.
Singapore sees economy growing 15 percent (AP)
AP - Singapore expects its economy to soar 15 percent this year after a record expansion in the second quarter that suggests Asia's recovery from the global recession remains on track.
US trade deficit widens to 18-month high (AFP)
AFP - The US trade deficit unexpectedly widened in May to the highest level in 18 months, the government said, sparking fears of slowing growth in the world's largest economy.
Federal budget gap tops $1 trillion through June (AP)
AP - The federal deficit has topped $1 trillion with three months still to go in the budget year, showing the lasting impact of the recession on the government's finances.
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