The Obama administration will order the companies that received most aid to deeply slash compensation to their highest paid executives, an official involved in the decision said.
States desperate to save money are cutting back on the massive expense of running prisons — eliminating guards, trimming drug treatment and parole programs and, in two states, releasing inmates early.
The World Bank has cut its 2009 global growth forecast, saying the world economy will shrink by 2.9 percent and warning about a drop in investment in developing countries.
