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A federal judge in Pennsylvania ruled Tuesday the requirement imposed by federal health reform that individuals must buy health insurance or pay a penalty is unconstitutional.

From the U.S. Census Bureau, 2010 highlights:In 2010, the percentage of people without health insurance, 16.3 percent, was not statistically different…

The ranks of the nation's poor swelled to nearly 1 in 6 people last year, reaching a new high as long-term unemployment woes left millions of Americans struggling and out of work. The number of uninsured edged up to 49.9 million, the biggest in over two decades.

The number of people lacking health insurance increased to 49.9 million, a new high after revisions were made to 2009 figures.

Confronted with an economy that has decidedly underperformed this year, economists are scaling back their growth forecasts for 2011 and next year.

Bank of America will cut about 30,000 jobs over the next few years in a bid to save $5 billion per year. The cost-cutting drive is part of a broader effort to reshape and shrink the nation's largest bank as it copes with fallout from the housing bust.