As the clock ticks down on the debt-limit deadline, financial advisers say the worst thing ordinary investors can do is panic and sell. The assumption is still that some kind of deal will get done.
Federal Reserve Chairman Ben Bernanke says that the US economic recovery is 'not far' from losing momentum. If the recovery slips further, the Federal Reserve is prepared to act again.
QE2 got a public rebuke from 23 economists, financial writers, and fund managers via an open letter to Ben Bernanke, chairman of the Federal Reserve.
President Obama says government aid to states kept the unemployment rate from rising. Republicans say government spending is undercutting an economic recovery.