US consumers want to reduce their debt, but the economy's recovery depends on their confident spending.
Will consumer spending move up and jobs grow apace in 2010? The answer depends on the economist you ask. A round up of the top predictions for the economy next year.
Citigroup announced it is paying back federal TARP funds, joining the likes of Bank of America, Goldman Sachs and JP Morgan. Why are they in such a hurry?
Remove Fed supports too soon, and the recovery may falter. Go too slow, and inflation or another 'bubble' could prove ruinous.
Tepid but sustainable, is the most common answer. Growth in Asia will be the main driver, with help from a modest revival in the US.
Despite the job losses, the stimulus acted to check the precipitous decline in GDP, according to the Obama adviser.
In earnings reports released this week and last, the four major US banks are showing signs of improvement.
The Conference Board's economic indicators were positive for the third straight month in June, though recovery may be slow.