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Latest financial news - CNNMoney.com

• Record monthly deficit for U.S.: $221 billion
  The United.States dropped a record $220.9 billion further into the red in February, the Treasury Department reported Wednesday.

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Financial news of the day - CNNMoney.com

• Firing the $70 billion man
  On November 19, 2009 Jeffrey Gundlach was named a finalist for Morningstar's award for bond fund manager of the decade. For Gundlach, the nomination recognized 10 years of stellar results, exceeding even the returns of the legendary king of bonds, Bill Gross.

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