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Stocks Soar, But How Strong Is The Economy?

Reports of increased hiring and strength in manufacturing along with central banks moving to help ease Europe's financial crisis sent stock markets up sharply Wednesday. Analysts said the economy isn't on the verge of booming, but the risks of a double-dip recession have eased.

Obama Pushes Payroll Tax Cut in Scranton, Pa.

President Obama traveled to Scranton, Pa., to promote an extension of the payroll tax cut on the first $106,000 in income. Melissa Block talks to NPR's Scott Horsley for more.


A 'Holiday Greeting Card' To Financial Markets?

Guy Raz talks to Felix Salmon, a finance blogger for Reuters. Salmon explains Wednesday's actions by six central banks to improve access to U.S. dollars internationally.

Central Banks Act Sends Stock Markets Soaring

The major central banks of the world moved Wednesday to prevent a banking crisis in Europe. They're providing more liquidity to the European banking system in hopes that big banks there will remain solvent and continue to make loans. The coordinated move by the central banks sent stock markets soaring. But it will not even begin to fix Europe's fundamental economic problems.