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The Supreme Court ruled Wednesday people injured by drugs can file lawsuits against the manufacturers in state courts, even when the drugs involved had been approved by the Food and Drug Administration. The ruling came in the case of a guitarist who lost an arm because of a botched anti-nausea injection.

A brutal wave of drug violence is ravaging cities near the U.S.-Mexico border, and governments of both countries pointed fingers at each other this week over who's to blame.

In his weekly radio address Saturday morning, President Obama said his $3.6 trillion budget proposal reflects the priorities of the voters he met on the campaign trail, but he acknowledged not everyone shares those priorities.

The government said Friday the economy shrank at an annual rate of 6.2 percent. Meanwhile, the Treasury Department announced it is converting some preferred shares it owns in Citigroup to common stock, a move that helps stabilize the bank, but increases risks for taxpayers.

President Barack Obama unveiled a $3.6 trillion spending plan that pushes this year's deficit to levels not seen seen World War II. Longer term, though, the budget seeks to cut the deficit back to size by 2013. The budget can also be seen as a blueprint for the president's ambitious policy goals.

President Obama unveiled his budget for 2010 on Thursday. Democrats praised the president's commitment to expanding health care coverage, education funding and clean energy. Republicans were skeptical — especially about plans to raise taxes on businesses and wealthy households.

Texas sheriffs have erected surveillance cameras along the border with Mexico and connected them to the Internet, inviting people to help catch drug smugglers and illegal immigrants. Since November, more than 43,000 people have signed up as online monitors for the controversial program.

Last year, private-equity firm Lone Star Funds bought up nearly $6.7 billion of Merrill Lynch's credit debt obligations at 22 cents on the dollar. Could that be the private model the Treasury Department wants others to duplicate? Simon Johnson, a professor at MIT and a former chief economist at the International Monetary Fund, offers his insight.

The Labor Department reported grim economic news on Friday. Employers eliminated 598,000 jobs in January — the most since 1974. Cost-cutting employers are in no mood to hire. The unemployment rates stands at 7.6 percent.

The Federal Aviation Administration has released audio of conversation between pilot Chesley "Sully" Sullenberger and air-traffic controllers moments before US Airways flight 1549 splashed down into the Hudson River. All 155 people onboard survived in last month's splashdown.