A three-month downturn is a caution, not a catastrophe. But Washington seems too wrapped in its deficit delusions to pay attention to the flashing yellow lights. Here's a cautionary guide.
Countries that pay for what they spend by printing money or, these days, creating it electronically, are usually broke. That certainly fits our bill. And we're printing lots and lots of money. Over the past five years, the Treasury has, in effect, done its $1 trillion coin trick twice.
Congress's fiscal cliff deal could lead to gridlock when lawmakers have to grapple with $1 trillion in sequestration cuts. Is another cliff on the horizon? Zach Carter joins Ahmed to discuss.