Marketplace Index for Monday, February 13, 2012

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In a city where political gridlock rules, especially in an election year, consider the President's budget more of a rough sketch. It's high on money for schools and infrastructure. It tries to cut the deficit by $4 trillion over ten years. It also favors higher taxes on corporations and the wealthiest of Americans. Karen Shaw Petrou of Federal Financial Analytics in Washington wishes the budget wasn't so easy for congress to dismiss as election year pandering. "It should be taken seriously," she tells us. And the Daily Pulse is down on news unemployment among America’s vets is hovering at a stifling 13 percent.