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Consumer Spending Rises Consumer spending rose slightly more than expected in May as savings touched their highest level in eight months. Spending edged up 0.2% after falling flat in April. Check out the new FOX Business Android app Obama: Serious About Tackling Deficits Is the World Broke? The president said he would follow on reining in soaring U.S. budget deficits. Futures Rise After G-20 Pledges by the leaders of the G-20 to reduce their debts and deficits helped futures rise. Storm Fears Wane, BP Shares Up Shares of BP jumped as fears subsided that a tropical storm would disrupt the cleanup operation. Oil Falls Toward $78 Sen. Byrd Dies at Age 92 The longest-serving member in the history of Congress, which could delay a vote on bank reform. Central Banks Warn of New Crisis Central banks should not wait too long to raise borrowing costs or they may create the next crisis. Fed's Bullard: Banks Face Limbo Period The S

Are There Any Jobs? The economy gained 431,000 jobs in May, far less than expected, and the boost came almost entirely from the government hiring temporary Census workers. THE MOST POWERFUL NAME IN BUSINESS NEWS G20 Policymakers Go Public With Fears Is the World Broke? Leading policymakers were unusually candid about fears of a global slowdown. WATCH Stossel: We are the Next Greece Futures Signal 200-Point Plunge Dow futures took a 200-point tumble as Wall Street was spooked by a weak jobs report. European Shares Fall as Banks Skid Obama's Bait and Switch The president has deployed a strategy by casting his economic goals in terms of national security. AIG's Asia Unit's Future Still Unknown The insurer is still exploring other options instead of an IPO after the Prudential deal fell through. BP Aims to Stop 90% of Spill The containment cap placed should stop at least 90% of the flow of oil spil