Stocks stumbled again today, with the Dow and S&P falling to a new 12-year low. Many are blaming insurance giant, American International Group’s announcement that they had a huge loss in the last quarter.

Due to AIG’s slowly-failing finances, the government revamped its bailout plan yet again, committing another $30 billion to make sure that AIG’s trouble won’t effect the rest of the economy too much. The new spending brings the total cost of the rescue plan to $162.5 billion.

Experts also say stock losses were a continuation of people's ongoing worries about the current state of the economy. People are uncertain about their financial future, so they are being more cautious about investing, with many pulling their investments out all together.

Stay tuned for more financial news, as Federal Reserve Chairman, Ben Bernanke, is due to testify in front of the Senate Budget Committee on economic challenges starting tomorrow at 10 a.m.

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