The U.S. "Officially" in a Recession
Unemployment at 6.7%
More than 500,000 jobs lost in November
Almost 2 million jobs lost in 2008
Auto Manufacturers want $34 billion 'bridge loan'
AT&T Inc., DuPont, JPMorgan Chase & Co., jet engine maker Pratt & Whitney, and mining company Freeport-McMoRan Copper & Gold Inc. all announce layoffs.
Consumers battered by the job losses, shrinking nest eggs and tanking home values retrench, throwing the economy into a tailspin.
Days to Obama Inauguration: 43