The President in his Saturday address says the country must get ready to go line by line in the federal budget to cut record deficits and make America stronger. But Republicans smell a trap: middle class taxes.
Chairman Ben Bernanke said Wednesday the Fed will tighten the money supply 'at some point.' That's one step in an exit plan to end the Fed's emergency supports to the economy after the financial crisis of 2008.
Illinois has been a reliably Democratic state, but the Scott Brown victory in Massachusetts has changed political assumptions.
US Gross Domestic Product (GDP) grew at a 5.6 percent rate last quarter, the biggest economic expansion in six years. But economists say that doesn't augur a growth in jobs any time soon.
US GDP report marks a strong fourth quarter but economy watchers shouldn't rejoice just yet.
Federal Reserve Chairman Ben Bernanke has come under fire for his support of the Wall Street bailout. But Thursday's Bernanke vote is also expected to reveal that he enjoys bipartisan support in the Senate.