Steel industry presses Obama for rescue plan

The ailing US steel industry is pressing President-elect Barack Obama for a public works plan that could be worth $1 trillion.
The world's economies limped toward Christmas on Tuesday, with a sharp US decline, larger-than-thought Britain shrinking, and Spain and New Zealand languishing in recession.
Agencies
German gov't, banks agree to $69B bailout for Hypo
The Irish government on Sunday said it was injecting 5.5 billion euros (7.6 billion dollars) into three of Ireland's major banks as part of a rescue package, taking a controlling stake in one.
Freddie Mac reports loss of $821 million
Fed moves to deal with financial crisis
Japan, Germany and Canada pledged new measures on Saturday to confront a financial crisis that has toppled banks, endangered the global auto industry and now played a part in the demise of Belgium's government.