A year ago, Marketplace visited the Tennessee city to see how its residents — 20 percent of whom lived below the poverty line — were dealing with the economic recovery. Mayor AC Wharton provides an update
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.
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.