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| Los Angeles (News) |
For Americans, deficit pain is felt close to home MIAMI (Reuters) - Christopher O'Neill is worried about the deficit. The deficit, that is, in his personal income after the 26-year-old Miami finance analyst was forced to find a temporary job paying $20,000 a year less than he earned until January when he was laid off from his auditor's post in Miami. Federal regulators close 9 banks NEW YORK - Regulators shut California National Bank of Los Angeles and eight other banks as the weak economy continues to produce a stream of loan defaults. Largest US sting on drug cartel arrests 300-plus OKLAHOMA CITY - In the largest single strike at Mexican drug operations in the U.S., authorities arrested more than 300 people in a sting that demonstrates an upstart cartel's vast reach north of the border.
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