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The Labor Department says the U.S. economy lost more than a half-million jobs in November. It was the steepest drop in nearly a quarter-century. Figures show that 533,000 jobs were lost last month, pushing the unemployment rate to 6.7 percent. That's a 15-year high. It's proof that the recession, already a year old, is getting deeper.

The national board of SAG-AFTRA voted to strike and is walking picket lines. There are now two simultaneous strikes in Hollywood, writers have been on strike since May.

President-elect Barack Obama has chosen Nobel Prize-winning physicist Steven Chu to serve as his energy secretary. An official announcement is expected in Chicago Thursday.

President-elect Barack Obama is still filling Cabinet positions, but he also has been forced to address the continuing controversy surrounding Illinois Gov. Rod Blagojevich. Obama says a review by his own lawyer shows he had no direct contact with Blagojevich about the appointment of a Senate replacement, and transition aides did nothing inappropriate.

President Obama said Tuesday Democrats and Republicans should be able to come together and pass a jobs bill. The comments came at a meeting with congressional leaders from both parties.

The Labor Department has said the nation's unemployment rate rose to 6.5 percent in October, its highest rate in 14 years. The report said 240,000 jobs were lost, worse than expected. This year, 1.2 million jobs have been lost.

There has been no relief for Morgan Stanley and Goldman Sachs. Morgan's stock was down 43 percent at one point despite reports of ongoing talks with China Investment Corp., which already owns a nearly 10 percent stake in the investment bank.

It's surprisingly hard to calculate how much water is held in the Rocky Mountain snowpack. Water managers along the Colorado river are trying to figure it out with the help of scientists.

An early heat wave took hold Saturday in parts of the Pacific Northwest, with temperatures nearing or breaking records in some areas and heat advisories in place through Monday.

President Obama embarked on his first foreign tour as head of state today, traveling north of the border to visit Canada. Talks with Canadian Prime Minister Stephen Harper focused on the economy, trade, energy and Afghanistan.