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House lawmakers grilled AIG Chief Executive Edward Liddy on Wednesday about the $165 million in bonuses paid out to executives at the firm. AIG is a major bailout beneficiary, and the bonuses have provoked outrage from congressional members as well as the public. Liddy says he has asked some of the employees to return part of the bonus.

The nation's unemployment rate in February was 8.1 percent. The Labor Department reports more than 651,000 jobs were eliminated last month. Employers are cutting their payrolls and looking for other ways to cut costs as the recession takes a bite out of their sales and profits.

The Supreme Court has ruled that people injured by drugs may file lawsuits against the manufacturers in state courts, even when the drugs involved had been approved by the Food and Drug Administration. The ruling came in the case of a guitarist who lost an arm because of a botched anti-nausea injection. She was awarded nearly $7 million in damages by a Vermont jury.

The U.S. economy continues to spiral downward. A report released Friday by the Commerce Department shows that the economy contracted at the end of last year by the fastest pace since 1982. This puts even more pressure on President Barack Obama, who this week presented his $3.6 trillion budget proposal. Saturday morning, the president said he knows he faces an uphill battle.

President Barack Obama unveiled a $3.6 trillion spending plan that pushes this year's deficit to levels not seen seen World War II. Longer term, though, the budget seeks to cut the deficit back to size by 2013. The budget can also be seen as a blueprint for the president's ambitious policy goals.

President Obama unveiled his budget for 2010 on Thursday. Democrats praised the president's commitment to expanding health care coverage, education funding and clean energy. Republicans were skeptical — especially about plans to raise taxes on businesses and wealthy households.

Disney has worked its magic on young girls for decades. Now, it looks at the other side of the playground with Disney XD, a channel aimed at boys.

The Labor Department reported grim economic news on Friday. Employers eliminated 598,000 jobs in January — the most since 1974. Cost-cutting employers are in no mood to hire. The unemployment rates stands at 7.6 percent.

Interior Secretary Ken Salazar has canceled scores of oil and gas leases sold by the Bush administration in Utah's red rock country. The sales would have brought $6 million to the government, in addition to royalties on any oil or gas production.

The government has announced the U.S. economy shrank at its fastest pace in nearly 27 years. That because consumers and businesses cut spending. Layoffs that began in the real estate and finance sectors are now hitting workers in nearly every field. Some iconic firms are slashing jobs by the thousands.