The global stock market rally that sent the Dow up almost 500 points yesterday may be over, but France and Spain are offering some hope this morning that yesterday's coordinated action by central banks to ease credit is working.
Diane Swonk, chief economist with Mesirow Financial, just returned from Washington D.C. where she was meeting with the power players in the debt debate. She says the lawmakers are nearing a preliminary, 'real deal' agreement.
The Senate's banking commission is asking regulators today how the implementation of the new Dodd-Frank financial reform law is going. Diane Swonk, chief economist with Mesirow Financial, explains what's at stake in these hearings.