Paulson Calls for Changes in Regulation of Investment Banks
Treasury Secretary Henry Paulson yesterday called for regulatory changes that would allow investment banks to fail without threatening the stability of the financial system. More Newsbytes

Construction Spending Down 0.4 Percent
Total construction spending decreased 0.4 percent in May, following April's upwardly revised 0.1 percent decline (previously -0.6 percent). Private construction declined 0.7 percent led by a 1.6 percent drop in residential construction. More Perspectives