An Update On The State Of The U.S. Economy

Traders work on the floor of the New York Stock Exchange on January 27, 2014 in New York City. Following a drop of over 300 points on Friday, U.S. markets stabilized in early trading January 27, with the Dow Jones industrial average and the S&P 500 up slightly.  - (Photo by Spencer Platt/Getty Images)

Traders work on the floor of the New York Stock Exchange on January 27, 2014 in New York City. Following a drop of over 300 points on Friday, U.S. markets stabilized in early trading January 27, with the Dow Jones industrial average and the S&P 500 up slightly.

(Photo by Spencer Platt/Getty Images)

An Update On The State Of The U.S. Economy

Falling unemployment, steady job creation, jittery markets and transition at the Federal Reserve: What it all means for the U.S. economy.

For the past few years, we’ve heard a similar message from economists every early January: This will be the year the economy would finally recover. And every year, those promises have fallen short. Now, as we enter 2014, we are hearing a similar theme and this time, observers say, there really are signs for optimism. They point to stronger consumer confidence, fewer drawn out budget battles in Washington and less volatility around the world. Yet even as the economy seems to be slowly improving, President Barack Obama plans to highlight economic disparities in his State of the Union address tonight. Diane and her guests check in on the U.S. economy.

Guests

David Wessel

director, Hutchins Center on Fiscal & Monetary Policy at the Brookings Institution; contributing correspondent, The Wall Street Journal; author of "Red Ink: Inside the High-Stakes Politics of the Federal Budget."

Greg Ip

U.S. economics editor, The Economist, and author of "The Little Book of Economics: How the Economy Works in the Real World."

David Leonhardt

managing editor of a new New York Times website covering politics and policy; author of the e-book: “Here’s the Deal: How Washington Can Solve the Deficit and Spur Growth."

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