At a news conference, President Bush made it clear what he thinks of a higher gas tax to fix the nation's infrastructure. He also fielded a larger-than-usual array of questions about the state of the U.S. economy.
Chris Farrell suspects all that Fed talk about inflation is just a cover, an excuse to keep interest rates at current levels because it doesn't want to bail Wall Street investment banks out of the mess they created... and heavily profited from.
Since the '90s, it's been tech stocks that have kept the economic community riveted. But commentator David Frum says abstract is out: The "new economy" we keep hearing about is heavy and bulky and transported by rail.
Capitol Hill's threats to punish China for undervaluing its currency are starting to aggravate government officials there. They're willing to use China's holdings in U.S. bonds to retaliate, and that could really hurt, Ambrose Evans-Prichard tells us.
The Federal Open Market Committee held interest rates steady at 5.25% today. But as is usually the case of late, everybody was more interested in what the Fed had to say rather than what it did. Amy Scott reports.