The Federal Reserve on Wednesday will kick off a series of regular press conferences, to be held four times a year. iStockphoto.com hide caption

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President Obama outlined a mix of spending cuts and tax hikes to reduce the deficit Wednesday at George Washington University in Washington, D.C. Charles Dharapak/AP hide caption

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Advertising boards on buildings are seen without illumination at Tokyo's Shibuya district. Rolling blackouts are crippling a number of industries. Miho Takahashi/AP hide caption

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A worker assembles a Nissan Leaf electric vehicle at the company's Oppama plant in Yokosuka, Japan. Auto plants are reopening, but getting parts remains a challenge. Kazuhiro Nogi/AFP/Getty Images hide caption

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People line up to buy tickets for the earliest possible flight Friday at Narita International Airport. Koki Nagahama/Getty Images hide caption

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A farmer harvests a corn crop near Monticello, Ill., last September. The price of wheat and corn jumped 70 percent in the second half of 2010. Seth Perlman/AP hide caption

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President Obama's budget is expected to include plans for spending on new initiatives and dramatically cutting some programs. Copies of Obama's fiscal 2011 budget are seen above. Chip Somodevilla/Getty Images hide caption

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A vendor pulls his trolley past Egyptian army soldiers sitting and standing atop armored personnel carriers in Cairo on Saturday. But in Egypt, jobs are hard to come by. Most Egyptians live on about $2 a day, according to Isobel Coleman, a senior fellow at the Council on Foreign Relations. And the college educated face a 30 percent unemployment rate. Victoria Hazou/AP hide caption

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Chinese President Hu Jintao and Chicago Mayor Richard Daley visit the Walter Payton College Preparatory school in Chicago. Chris Walker/AP hide caption

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President Obama meets with China's President Hu Jintao on the sidelines of the G-20 summit in Seoul, South Korea, in November. The Chinese leader comes to Washington this week. Charles Dharapak/AP hide caption

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Shopper Monica Eaves, with her daughter, Sophia, 2, shops for holiday gifts at The Grove outdoor mall in Los Angeles on Tuesday. A strong start to the holiday season is raising confidence that the consumer is back and that 2011 could be a better year for the economy than expected. AP Photographer/AP hide caption

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President Obama walks at the White House with presidential debt commission co-chairs Erskine Bowles (left) and Alan Simpson. Alex Wong/Getty Images hide caption

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President Johnson (center) signs the Medicare Act in 1965 as former President Harry Truman (right) looks on. Now the cost of Medicare threatens to crush the federal budget. LBJ Library/National Archives hide caption

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