Marketplace for Tuesday, January 3, 2012
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The Republican presidential candidates have been getting something of a bargain so far in this election. About a year since the protests in Egypt, the military remains a force there. David Brancaccio talks about a study that figured out how many people will fall off a financial cliff this year. Bank of America is tightening credit to some of its small-business borrowers. Commentator Dahlia Lithwick goes over what the Supreme Court will discuss in the health care reform debate. A woman is suing Honda over allegedly false gas mileage numbers. And Rupert Murdoch's wife Wendi Deng's verified Twitter account turned out to be a hoax. Bank of America is tightening credit to some of its small-business borrowers.
A new study shows that 1 in 5 of us will fall off a financial cliff in the year ahead.
Posted In: interest rates, Federal Reserve
That's instead of the usual 'for the foreseeable future' thing they usually do. The Fed is striving to be more open in its communication.