Fed's Bullard: deflation risk has risen (Reuters)
Reuters - St. Louis Federal Reserve Bank President James Bullard said the risk of deflation in the United States has risen somewhat compared with the beginning of this year, the Nikkei newspaper reported.
Republicans block small business plan in Senate (Reuters)

Senate Minority Leader Mitch McConnell (R-KY) speaks to the media on Capitol Hill in Washington in this January 20, 2010 file photo. REUTERS/Joshua RobertsReuters - Senate Republicans blocked a $30-billion plan to help community banks boost lending to small businesses, dealing a blow to President Barack Obama's election-year battle to reduce unemployment.
New York Fed: Toxic assets from AIG gaining value (AP)
AP - Toxic assets the government bought during the bailouts of American International Group Inc. and Bear Stearns are finally gaining value, the Federal Reserve Bank of New York said Thursday.
AZ, FL, UT, VT to get Air Force's new F-35 fighter (AP)
AP - The U.S. Air Force has chosen bases in Arizona, Florida, Utah and Vermont as homes for the military's F-35 Joint Strike Fighter, prompting applause from officials banking on the pricey new combat jets to supercharge their communities' economies.
Business Highlights (AP)
AP - Initial jobless claims drop to 457,000
Fed officials clash on need for more stimulus (Reuters)
Reuters - Federal Reserve officials clashed on Thursday over whether the central bank should be more aggressive in supporting the stumbling economy and one said the Fed's current policy may be contributing to worryingly low levels of inflation.
Unemployment claims fall, but still elevated (Reuters)

People wait in line to enter the City University of New York (CUNY) Big Apple job fair in New York, April 23, 2010. REUTERS/Shannon StapletonReuters - New claims for unemployment benefits slipped last week, but stayed at a stubbornly high level that underscored the labor market recovery was having trouble gaining traction.
Debate intensifies in Fed over economy (AP)
AP - Debate is intensifying at the Federal Reserve over how best to cope with a weakening recovery, with momentum growing for a concrete plan to prevent a backslide into recession.
US Fed official warns of 'Japanese-style' stagnation (AFP)

The US Federal Reserve building is seen in 2009 in Washington, DC. The US economy risks AFP - The US economy risks "Japanese-style" stagnation, a top Federal Reserve official warned Thursday, as a key economic report was expected to show the recovery is losing pace.
A look at global economic developments (AP)
AP - A look at economic developments and activity in major stock markets around the world Thursday:
Summary Box: Initial jobless claims drop (AP)
AP - JOBLESS CLAIMS DROP: New requests for unemployment benefits dropped last week by 11,000 to 457,000, the third drop in four weeks.
Big Oil posts better profits on higher fuel prices (AP)

FILE - In this file photo taken July 7, 2010, an unidentified oilfield worker ties pipes to be raised on an oil rig as the sun sets in the Persian Gulf desert oil field of Sakhir, Bahrain. Exxon earned the majority of its income from exploration and production operations in foreign waters, particularly in Africa, Asia and the Middle East. Exxon's results showed a jump in profits across its exploration and production, refining and chemicals businesses. (AP Photo/Hasan Jamali, file)AP - The major oil companies continue to climb back from the recession, with higher fuel prices driving up earnings.
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