Money Minute: Deficit, Ford, OPEC

The federal deficit soared to $765 billion in the first five months of the budget year, well on its way to hitting the Obama administration's projection of a record annual imbalance of $1.75 trillion.

Recession Spawns 'tent Cities' in Calif. Capital

Sacramento residents forced out of their homes by the recession are literally pitching their tents across about 40 acres of unused land. The trend has become an alternative to shelters which have run out of beds.

Money Minute: Delta, Casinos, Burger King

Delta Air Lines will cut international capacity by an additional 10 percent.

Your Money:Summer Camp Savings

While summer vacation may stull be a few months off, it's never too early to start planning for the expense. AP Personal Finance Editor Trevor Delaney explains.

Merck Buying Schering-Plough in $41.1B Deal

Merck is buying Schering-Plough for $41.1 billion in stock and cash in a deal that gives the companies more firepower to compete in a drug industry facing slumping sales, tough generic competition and intense pricing pressures.

Money Minute: British Airways, Google, Oil

British Airways's corporate credit rating has been cut to junk status by Standard&Poor's.

Jobless Rate Bolts to 8.1 Percent

The nation's unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs.