With less than a day before the current stopgap budget bill runs out, President Obama met with Congressional leaders to try to prevent a government shutdown. But politicians are not just worried about the fallout a shutdown could have for their 2012 campaign. There is also a worry about the economic ramifications, which would ripple down from Capital Hill to Wall Street and, ultimately, Main Street.
Consumer spending has been up since Christmas but that may change soon. Prices for everything from a new t-shirt to a new dishwasher are expected to go up. This comes on the backs of increases in commodities; prices for cotton, copper, corn are hitting the highest levels in years.
Reading and Tests (89106) Motoko Rich, cultural reporter for the New York Times,, looks at how low reading rates among students will bring test scores down. Then, Maura Spiegel, associate professor at Columbia and Barnard and Ross Posnock, professor of American Literature at Columbia University and author of ...
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