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Oklahoma City News

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  • No vehicle accidents in Oklahoma City area
    One vehicle accident is reported this morning on Oklahoma City-area roads.

    At 6:45 a.m., the accident site was on NW 23 at Purdue Avenue.
    see more on NewsOK.com

  • Obama warns of long recession without quick action
    WASHINGTON -- President-elect Barack Obama said Thursday the deepening American recession could stretch years into the future if Congress fails to act quickly on his call to pump hundreds of billions of federal dollars into the nation's economy.

    The speech to be delivered at George Mason University in Virginia, outside the U.S. capital, marked the fourth day running that Obama has urged fast action on huge spending in response to the worst U.S. economic slide since the 1930s Great Depression. It was his first appearance directly aimed at taxpayers and the highest-profile pitch for the giant spending plan.

    "I don't believe it's too late to change course, but it will be if we don't take dramatic action as soon as possible," Obama
    see more on NewsOK.com

  • New jobless claims drop unexpectedly

    WASHINGTON (AP) ? New claims for unemployment benefits dropped unexpectedly last week, but the number of people continuing to seek aid rose sharply.

    The Labor Department says initial applications for unemployment insurance dropped by 24,000 to a seasonally adjusted 467,000 for the week ending Jan. 3. Wall Street economists expected initial claims to increase to 540,000. The figure partly reflects seasonal volatility that occurs around the New Year's holiday.

    Still, the number of people continuing to claim jobless benefits jumped unexpectedly by 101,000 to 4.61 million. That was above analysts' expectations of 4.5 million and the highest level since November 1982.
    see more on NewsOK.com

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