The stories that will be making news later today:
More and more Americans are filing for unemployment. Today at 8:30 am eastern the Labor Department releases its report of weekly jobless claims. We'll have those numbers for you as soon as that report comes out.
All day long we'll be watching the severe storms affecting most of the United States. In Fargo North Dakota officials are planning for possible flooding evacuations. While blizzard conditions are expected in the Rockies. Meanwhile the southern states are on watch for extreme thunderstorms.
Later today, IBM is expected to announce it plans to lay off about five-thousand employees. These cuts make up about four-percent of IBM's work force based in the United States. This comes after IBM's January layoffs when the company cut thousands of its workers.
At 10 am eastern Treasury Secretary Timothy Geithner heads back to Capitol Hill. He's expected to outline the administration's plans for preventing future financial collapse.