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Economics and Investing:

Chris G. sent us this troubling news article: House Democrats ‘Deem’ Faux $1.1 Trillion Budget ‘as Passed’ [1]

Recession cut into employment for half of working adults, study says [2]. (Thanks to frequent content contributor B.B. for the link.)

Items from The Economatrix:

BofE Rate Setter Fears New UK Recession [3]

Nearly 1 in 3 First-Quarter Home Sales a Foreclosure Sold at Steep Discount [4]

Central Banks Warn of New Crisis if Exit Left Too Late [5]

China Slowdown Fears Hit Global Markets [6]

It’s Everyone for Themselves After Toronto Failure [7]

Europe’s Recovery Falters [8]

Double-Dip Recession Warning Signs are Everywhere! Batten Down the Hatches! [9]

Payrolls Drop by 125,000, Jobless Rate Falls [10]

Stocks Inch Up After Government Says Job Growth Slow [11]

No Bucks, No Boom for The Fourth [12]

Oil Drops Slightly After US Jobs Report [13]

New Data Shows US “Recovery” in Peril [14]