President Obama plans to call for a $5,000 tax credit for every net new hire in 2010 as part of a $33 billion jobs bill. Defying Gov. Schwarzenegger's veto threat, California Democrats have passed a plan for a state single-payer health care plan. The Obama administration is making its much maligned foreclosure modification program more easily available. Some of the world's biggest bank chiefs are planning a response to the so-called "Volcker Rules." The success of Windows 7 has given Microsoft a record quarterly report.