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The U.S. Federal Reserve is expected to scale back its $85 billion a month bond-buying program. As Fed policymakers convene this week, financial insiders speculate what the timetable for a stimulus wind-down could look like. We talk with two Chicago economists about the stimulus program and what federal tapering means for businesses and consumers. Read an interview.

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President Obama signed an 11th-hour deal averting a devastating debt default. But it’s a short-term deal that may result in another funding battle on January 15 and debt limit deadline February 7. What is the real economic impact of the shutdown? And what effects will it have on markets? We have analysis.

Government Shutdown

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Earlier this week, Phil Ponce spoke with financial analyst Terry Savage and economics professor Edward Stuart about the government shutdown. It was a lively conversation and it brought in a lot of reaction. We share what some of you had to say in tonight's viewer feedback.

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Just how serious is the government shutdown? Federal employees missing paychecks will feel it, but what about the economy as a whole? And who is really to blame? We have analysis.

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Though the worst predictions about the sequestration -- such as severe unemployment benefit cuts, hour-long waits at airports, and four-hour waits at border crossings -- have not come true, other sectors have not been spared. Learn more about the impact of sequestration from two economists.

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Defense is one of many areas facing cuts in Congress' expected sequester. Economics professors debate what this means for your budget.

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With only two weeks left until the U.S. reaches the fiscal cliff, President Obama and House Speaker John Boehner have made some progress, but remain far from a final agreement. We have the latest.

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As the federal deficit climbs, Republicans and Democrats can agree on one thing: the federal tax code needs revamping. But how this gets done is up for grabs. What's the reality behind the rhetoric of closing loopholes and raising revenue? We examine the issue.

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Fed Chairman Ben Bernanke warns about a so-called fiscal cliff the nation is facing on January 2. We take up the automatic budget cuts some think could lead to a new recession.

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Last week the Dow hit a three-year high and the unemployment rate dropped for the fifth straight month. Has the economy turned the corner? We turn to some Chicago economists for answers.

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