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  • Orders for durable goods climbed by nearly 5 percent last month — the largest amount in two years — as the manufacturing sector rebounded from the depths of the recession. And new home sales jumped 9.6 percent in July, a fourth straight monthly gain that beat analysts' expectations.
  • The federal deficit is expected to balloon to a record $1.6 trillion this year and debt will nearly double over the next decade, according to reports released Tuesday by the White House budget office and the nonpartisan Congressional Budget Office.
  • Infants and preschoolers who don't get enough nighttime sleep have higher odds of being obese as they grow up. And napping isn't a substitute. Over the past three decades, obesity rates have doubled among children age 2 to 5, and tripled among 6- to 11-year-olds.
  • Marine Pvt. Heath Warner's body was exhumed on Wednesday on his parents' request, after an inspector general's report in June warned of poor record-keeping at the national cemetery. One Senate subcommittee investigation found that up to 6,600 burial sites could be affected.
  • Industry observers say the automaker needs to show that it has conquered its history of inconsistent products that has triggered boom-bust cycles in the past.
  • A new study finds that the number of people in multigenerational households grew by 2.6 million between 2007 and 2008. The trend is fueled by young adults, but older adults are also slightly more likely to share households. Another factor is the increasingly large share of immigrants living in the U.S.
  • Amid all of the gloomy economic news lately, at least one sector is poised for growth. The $787 billion stimulus package and the $3.6 trillion Obama budget blueprint mean the federal government is hiring.
  • A series of strong quakes struck a far southwestern area of China early Wednesday, killing more than 600 people and injuring thousands as houses made of mud and wood collapsed. Officials feared the death toll would increase because of people trapped in the rubble. The U.S. Geological Survey said the largest quake had a magnitude of 6.9.
  • Mo Brooks' Republican Senate campaign has been struggling, and now the former president has pulled his endorsement, citing a dispute over the 2020 election.
  • A small Canadian firm takes on two of the largest drug companies in the world with its surprise launch of a generic copy of the best-selling blood thinner Plavis. Apotex began shipping its generic version to U.S. stores today. The makers of Plavix sold $6 billion of the popular heart drug last year.
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