Lawmakers have left Washington for the August recess without taking action on the so-called fiscal cliff. Businesses and investors
are trying to prepare as best they can, but what can the rest of us do?
The Federal Reserve wraps up a two day meeting today in Washington. And the big question -- yet again...will be: Is the Fed ready to launch some new economic stimulus, in line with its mandate to help the country reach full employment?
To Europe, where economic sentiment is at a three year low, according to new figures out today. Though global markets seem to be putting that aside and focusing instead on a statement that came last week from the head of the European Central Bank.
House lawmakers have until the end of the week to deal with two big economic issues. One is a two year transportation funding bill that puts about three million jobs at stake. The other is how to keep student loan interest rates from doubling for millions of new borrowers.