Double Dip or No Double Dip for U.S. Economy

Australia election resulted in hung parliament,first one since 1940. Australian dollar and government bonds both fell in value. The Australian dollar lost almost 1% against the US dollar in early trading, before recovering somewhat. Intel, announces a deal to buy the security technology firm McAfee for $7.68bn. Congressional Budget Office Director Douglas Elmendorf on CBO estimates and the long-term effects of high debt levels on the U.S. economy and unemployment rates