House Speaker John Boehner House Majority Leader Eric Cantor answer questions during a press conference on a balanced budget amendment at the U.S. Capitol July 14, 2011. Economists say many conservatives believe the answer to the economy's woes is a dramatic reduction in spending, but that could be risky. Win McNamee/Getty Images hide caption

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President Obama tours the Automotive Training Program at the Northern Virginia Community College, Alexandria campus, in June, Va. Slower economic growth means fewer opportunities for U.S. companies, which in turn leads to less hiring. Jim Lo Scalzo/Pool/Getty Images hide caption

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"In this context, monetary policy cannot be a panacea," Federal Reserve Chairman Ben Bernnake says. Jim Watson/AFP/Getty Images hide caption

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Contestants Ken Jennings, Brad Rutter and IBM's computer named Watson compete on Jeopardy! earlier this year. Carol Kaelson/Jeopardy Productions/AP hide caption

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French Finance Minister Christine Lagarde is widely considered Europe's first choice for the now-vacant position of IMF chief. Jacques Brinon/AP hide caption

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Visitors enjoy Pillar Point Beach in Half Moon Bay, Calif. Marcio Jose Sanchez/AP hide caption

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