
6:09pm: The offer for mail handlers is part of the Postal Service's plan to cut 150,000 jobs by 2015. More
Former Labor Secretary Robert Reich says the growth in income for the top 1 percent has limited purchasing power for the rest. Play

European Union leaders are under fire again for being slow to respond as new threats to the euro currency emerge.
A group of entrepreneurs from Silicon Valley took a tour of Brazil's tech sector for potential companies to invest in.

About 370,000 people filed new jobless claims last week.

More new homes being sold but still far below peak.

Quiet Kansas farm towns are quickly transforming into boomtowns as new technologies make drilling along the southern border of the state more attractive.
General Motors' CEO says that he envisions a more global, efficient, integrated and hi-tech future for the company.

World Bank says slowdown in China will trim growth for East-Asia and Pacific region, says it needs to break dependence on exports.

Obama faces a number of potential blow-ups before Election Day. None is a greater risk than the crisis in Europe, which could upset the U.S. economy.

Organization for Economic Cooperation and Development warns that debt problems are greatest risk to uneven, fragile growth. OECD also cuts growth forecasts for eurozone.

Congressional Budget Office: Unemployment will rise, taxable income and revenue will fall and safety net spending will grow if lawmakers let fiscal cliff measures take effect.
| Latest Report | Next Update |
|---|---|
| Inflation (CPI) | May 15 |
| Retail sales | May 15 |
| Home Prices | May 29 |
| Consumer Confidence | May 29 |
| GDP | May 31 |
| Jobs | Jun 1 |
| Manufacturing (ISM) | Jun 1 |
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.80% | |
| 15 yr fixed | 3.09% | 3.11% | |
| 5/1 ARM | 2.65% | 2.69% | |
| 30 yr refi | 3.77% | 3.86% | |
| 15 yr refi | 3.09% | 3.21% |
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