President Obama has created a National Commission on Fiscal Responsibility and Reform to help balance the federal budget by 2015. But few are optimistic about its ability to make substantial cuts.
President Obama met with 12 community bankers Tuesday in a bid to spur lending to small businesses. They were looking for action from him, as well.
US economy grew 3.5 percent in the third quarter, according to GDP report. But it will be months before the economy adds jobs, economists forecast.
Congress wants to extend the $8,000 home-buyer credit. Critics say it's not that helpful and mostly benefits home sellers.
Since the 1930s, consumers have been key to lifting America out of a downturn.
The central bank says it will pull back when the US recovers, but the timing is tricky.
Why government spending plus easy money could pull US out of recession by year's end.
Many economists agree another stimulus package is necessary. Some are skeptical about its benefits.
Oil and gold surged Monday as investors worried that huge new debts will harm US Treasury's credit standing.
Many nations have begun to tighten their credit reins in an effort to curb rising prices.