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Local News

  • Dow breaks through 12K for first time since 2008

    NEW YORK (AP) — The Dow Jones industrial average broke through 12,000 for the first time in two and half years Wednesday but edged lower in afternoon trading.

    Investors were encouraged by President Barack Obama's call to overhaul taxes on businesses and a jump in new home sales in December. The gains were held back by weak profit forecasts from Boeing Co., Xerox Corp. and other big names.

  • Lawmaker proposes drug tests for jobless benefits

    SANTA FE, N.M. (AP) — A legislative leader is proposing to require drug testing for New Mexicans to qualify for unemployment benefits.

    Senate President Pro Tem Tim Jennings introduced legislation on Tuesday that would require individuals to pass a drug test to become eligible for unemployment benefits.

  • Russian president fires police chief after bombing

    MOSCOW (AP) — President Dmitry Medvedev fired Moscow's transport police chief Wednesday and lashed out at "passive" officers who guard the country's airports and rail stations after an airport suicide bombing killed 35 people.

    Medvedev, often criticized as hesitant or ineffectual, appeared eager to assert his power after Monday's attack at Moscow's Domodedovo Airport, which also left 180 people wounded.

  • Democrat NM House member turns independent

    SANTA FE, N.M. (AP) — A state House member has switched his registration from Democrat to "declined to state" — New Mexico's designation for independents.

    Rep. Andy Nunez of Hatch made the change Tuesday in the secretary of state's office in Santa Fe.

  • Bernalillo Co. Manager keeps job for now

    ALBUQUERQUE, N.M. (AP) — The Bernalillo County Manager remains on the payroll after County Commissioners held off firing him.

    KOB-TV reports negotiations between County Manager Thaddeus Lucero and county officials are under way.

    Commissioner Michael Wiener tells KOB the talks involve an exit strategy between Bernalillo County and Lucero.

  • CBO: Deficit to reach $1.5 trillion

    WASHINGTON (AP) — A continuing weak economy and last month's bipartisan tax cut legislation will drive the government's deficit to a record $1.5 trillion this year, a new government estimates predicts. The eye-popping numbers mean the government will continue to borrow 40 cents for every dollar it spends.

  • Toyota recalls 1.7 million vehicles

    TOKYO (AP) — Toyota is recalling 1.7 million vehicles, the bulk of them in Japan, for various defects that may cause fuel leakage — the latest in quality control woes for the world's No. 1 automaker.

    Toyota Motor Corp. said Wednesday it was recalling a wide range of models, including the IS and GS Lexus luxury models in North America and the Avensis sedan and station wagon models in Europe.

  • NM governor says labor call center being changed

    ALBUQUERQUE, N.M. (AP) — Gov. Susana Martinez says the state labor department's call center will expand its hours and by mid-February will nearly double the number of workers taking calls from the unemployed.

    Martinez says long wait times and persistent lack of service at the Department of Workforce Solutions are unacceptable.

    The governor says the agency needs to create an environment that allows people to get back to work.

  • Republicans back at work cutting spending

    WASHINGTON (AP) — Moving quickly, House Republicans are taking another whack at federal spending on the day after a State of the Union address in which President Barack Obama pronounced the country "poised for progress" and beckoned lawmakers of both parties to make job creation their common goal.

    "The challenges we face are bigger than party, and bigger than politics," the president said in a nationally televised speech at the dawn of a new era of divided government.

  • Post Office announces closures

    The U.S. Postal Service announced Monday that it is shutting down 491 post offices including seven in New Mexico: Aragon, Capulin, Cuervo, Gallup, Gladstone, La Loma and Saint Vrain.
    Beginning in March, the agency will start the process of closing as many as 2,000 more post offices and will review the possible closure of another 16,000, which is roughly half of the nation’s existing post offices. The list of post offices under consideration has not been released, however, a disproportionate number are in rural or smaller suburban areas, according to news reports.