This morning we heard from the Commerce Department that last quarter's GDP growth was up 3.2 percent. Steve Chiotakis speaks with Jill Schlesinger, editor at large at CBS/MoneyWatch to interpret and understand that number.
In Egypt today, anti-government protests continue as riots in the streets clash with police. The Egyptian government has shut off the Internet and cell phone service as a means to control the violence. David Butters, head of the Intelligence Unit with the Economist magazine, explains how this will affect global economics.
The World Economic Forum continues today in Davos, Switzerland, with U.S. Treasury Secretary Timothy Geithner addressing the attendees. Geithner discussed U.S. debt and resources, as Stephen Beard explains.
After record-level floods hit Australia earlier this month, the country is left to clean up after the damage. But economists are predicting that despite the recovery's bottom line, the increase in jobs and retail sales could benefit the country. Bloomberg's Jemma Daily explains. Don't miss our photo gallery of Australia's clean-up effort.