Posted: 4:09 PM President Barack Obama is pledging "a new era of responsibility" as he lays out a multi-trillion-dollar budget, but Republicans are calling it a missed opportunity.

Updated: 1:29 PM The nation's banks lost $26.2 billion in the last three months of 2008, the first quarterly deficit in 18 years, as the housing and credit crises escalated.

Updated: 9:59 AM President Barack Obama is proposing a big spending increase for programs that provide housing to the poor and invest in neighborhoods with large concentrations of poverty.

Posted: 9:52 AM Don't let that meter run out! Parking fines in Colorado Springs and area cities are set to increase on March 2, 2009.

Posted: 6:58 AM President Barack Obama is sending Congress a budget that would boost taxes on the wealthy and slash Medicare to make way for a $634 billion down payment on universal health care.

Posted: 6:50 AM The number of newly laid-off Americans seeking unemployment benefits rose far more than expected last week as employers cut thousands of jobs amid a deepening recession.

Posted: 6:44 AM The government says orders for big-ticket goods plunged by a bigger-than-expected 5.2 percent in January as global economic troubles cut into demand from customers both in the United States and abroad.

Posted: 5:06 PM The Colorado labor department is tweaking operations to help process a crush of claims for unemployment insurance.

Posted: 2:15 PM The Colorado House has approved a plan that would raise car registration fees to pay for road and bridge repairs.

Posted: 11:50 AM Despite our current economy, there are still jobs available in our community. Employers from Albertsons to Qwest are looking for employees with all different education levels and experience.

Posted: 9:07 AM The Labor Department says mass layoffs, or job cuts of 50 or more by a single employer, increased to 2,227 in January, up by almost 50 percent from the same month last year.

Updated: 7:20 AM President Barack Obama promised a nation shuddering in economic crisis Tuesday night that he would lead it from a dire "day of reckoning" to a brighter future, summoning politicians and public alike to shoulder responsibility for hard choices and shared sacrifice.

Updated: 5:54 PM In an excerpt of his speech to Congress Tuesday night, Obama said that while the economy has been weakened and Americans' confidence shaken, the country will rebuild, recover and will emerge stronger than before.

Updated: 9:06 AM In testimony prepared for the Senate Banking Committee, Bernanke says the economy is likely to keep shrinking in the first six months of this year.

Updated: 8:58 AM Sullenberger says cuts that followed airline bankruptcies after the Sept. 11, 2001, terrorist attacks coupled with the current recession have placed pilots and their families in an untenable financial situation.

Posted: 7:11 PM Colorado will get an extra $141 million in Medicaid money from the federal government starting this week.

Posted: 2:19 PM A Wall Street financier will advise the government's auto industry task force reviewing the restructuring of General Motors Corp. and Chrysler LLC.

Posted: 7:29 PM President Barack Obama says his administration wants to make it easier for the nation's governors to lead their states out of their economic woes.

Updated: 10:57 PM For those of you who don't know, the City of Colorado Springs has a program called, the Therapeutic Recreation Program. It's for handicapped people. They have 8,000 members and a waiting list, but because of budget cuts, it may get the ax.

Posted: 4:23 PM President Barack Obama plans to announce tomorrow that he's appointing a former Secret Service agent to oversee the $787 billion economic stimulus plan.

Posted: 4:16 PM The Lundberg Survey of fuel prices says the average national price of gasoline increased 2.6 cents in the past two weeks.

Posted: 4:09 PM Colorado's securities commissioner is reporting an increase in securities-fraud investigations in the tough economy.

Posted: 4:01 PM A $250,000 marketing push appears to have helped soften a plunge in lodging occupancy rates in Breckenridge this winter.

Posted: 7:08 PM Most of the nation's governors are welcoming the money heading their way from President Obama's economic stimulus plan and are downplaying an apparent split in Republican ranks over the plan.

Posted: 4:19 PM He would try to achieve that mostly by scaling back Iraq war spending, raising taxes on the wealthiest Americans and making government run more efficiently.