Just a little more than a year ago, President Obama was in Fremont, Calif., to tout the jobs created by a solar cell manufacturing company called Solyndra and federal loans that helped. On Wednesday, the company said it's filing for bankruptcy.
What should have been a simple matter of scheduling turned into a Washington political incident. At issue: When would President Obama give a policy speech about jobs? The president picked next Wednesday. The GOP told him Thursday would be better a choice.
In the past, consumers usually talked more about cutting back than they actually did, analysts say. However, the sluggish recovery has left Americans feeling financially insecure — and more reluctant to spend.
Congress isn't likely to go on another spending spree to try to boost the economy, and the Federal Reserve has already pledged to keep interest rates historically low until mid-2013. That leaves experts worried that policymakers are running out of tools to deal with another potential recession.
When you give to WAMU, your tax-deductible membership gift helps make possible award-winning programs such as Morning Edition, All Things Considered, The Diane Rehm Show, The Kojo Nnamdi Show, and other favorites.