The 2012 presidential election is approaching, and President Obama's fate may hinge on how well the economy fares over the coming months.
On the campaign trail, Republican presidential candidate Mitt Romney has been highlighting the economy's weaknesses. The former Massachusetts governor has made a similar claim about the president, and the recession, at almost every campaign stop.
"I don't blame the president for the downturn," Romney told a crowd in New Hampshire earlier this year. "He didn't cause it. But he made it worse and made it last longer."
There's a boom in natural gas production in the United States, a boom so big the market is having trouble absorbing it all.
The unusually warm weather this winter is one reason for the excess, since it reduced the need for people to burn gas to heat their homes. A bigger reason, however, is the huge increase in gas production made possible by new methods of coaxing gas out of shale rock formations.
This week, NATO Cabinet ministers, including U.S. Defense Secretary Leon Panetta, will try to tackle the problem of Afghan security. The basic plan for bringing American troops home from Afghanistan is to let Afghan security forces fight for their own country. But there's a hitch — finding a way to pay for the Afghan army.
The Great Recession slammed into all age groups, flattening the career dreams of young people and squeezing the retirement accounts of middle-aged savers. It financially crippled many elderly people who had thought they could stand on their own.