The era of big government isn't over — most everyone in the United States is affected by and dependent upon government spending. Expect to feel an impact in the decision over the deficit and debt ceiling.
Credit ratings agency Moody's has threatened to review the U.S.'s AAA rating because of the ongoing discussions over raising the country's debt ceiling.
The top holder of U.S. debt is pushing politicians to protect the interests of investors after the ratings agency Moody's warned of a possible downgrade to U.S. debt.
Diane Swonk, chief economist with Mesirow Financial, explains today's news that JPMorgan Chase reported a 13 percent rise in profit last quarter, and explains the chances of a credit downgrade from Moody's.