Obama is expected to pledge a 17 percent cut in the nation's emissions. The Congressional Budget Office estimates a $173-per-year cost increase for a family of four.
Unemployment rates have exceeded 10 percent for the first time since the early 1980s. However, people spend more time looking for new jobs, they have more debt and they save less money than they did in the '80s.
Prices for oil and gold also rose during trading Monday, buoyed by a weakened U.S. dollar.
The grant is intended to assist in encouraging participation in the federal Food Stamp Program. Caroline Todd, the market's manager, said the money will help launch a campaign to advocate the market’s ability to accept Electronic Benefit Transfer cards, which act as debit cards for food stamp benefits.
Retail sales declined 1.5 percent in September, better than the predicted 2.1 percent decline but still worse than any drop since December. Much of the drop can be explained by a 10.4 percent plunge in auto sales once the Cash for Clunkers program ended.
States may face a tougher time rebounding from this recession as employment and consumer spending are expected to grow back at a slower rate.
According to a survey conducted by Creighton University, the Business Conditions Index for the mid-America region increased in the past month. The survey offers some good jobs news because the employment index was in positive territory for the first time since March 2008.
New Census data on the social impact of the recession shows a dramatic effect on the work and travel habits of Americans.
President Barack Obama told Ohio newspapers that it could "take two decades" for the manufacturing base of the economy to recover.
A rebound in Katy traffic has boosted trailside businesses in St. Charles County as the bike shops, taverns and wineries that cater to the tens of thousands who cycle the Katy Trail near St. Louis report that business has been strong this year. Some point to the recession as the reason for the traffic increase, saying that more people are choosing affordable, local recreation over spendy long-distance travel.
There are 47 ecovillage communities in Missouri similar to the one Elizabeth Stanfill and Tao Weilmundemo established in an Ozark forest.
Kansas City won't get a second Harley-Davidson manufacturing plant that was expected to bring 1,300 jobs.
According to an AP index, the recession has sent economic stress levels soaring, with the housing slump hitting the timber industry with particular force. The consequences of the downturn are clearly evident in the tiny backwoods town of Pine Hill, Ala., where 327 jobs were lost when a timber mill closed earlier this year.
The benchmark for crude ended the day Friday at $73.89, its highest close since October.
Stocks are higher in early trading Monday, thanks to gains overseas and in some commodity markets such as oil.
Smith Electric Vehicle's U.S. subsidiary is receiving a $10 million grant to help build its planned manufacturing plant near the Kansas City International Airport. It is part of a national effort to boost the battery and electric vehicle industry and create jobs.
U.S. Commerce Secretary Gary Locke announced more than $15 million in federal grants for Missouri, including money for Smith Electric Vehicles U.S. Corp., the Missouri University of Science and Technology, Ford Motor Co. and Chrysler LLC.
"Smart grid" technology promises to revolutionize the electric power industry by making utilities more intuitive, but critics and regulators worry about its cost benefit and questions of security and privacy.
Even as money for the "cash for clunkers" program dwindles, Columbia residents are turning in their clunkers at a steady pace.
Agriculture Secretary Tom Vilsack and his department are trying to help the struggling dairy market by raising the price paid for milk and cheddar cheese. The department estimates the maneuver will boost overall dairy farm revenue by $243 million.