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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People try to browse at a supermarket with no electricity in Ishinomaki, Miyagi prefecture, Japan. Businesses are especially worried about weathering Japan's sweltering summers without air conditioning. Vincent Yu/AP hide caption

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Newly recruited Toyota Motor employees bow their heads in prayer for disaster victims at a ceremony in Toyota City in Aichi prefecture on April 1. AFP/Getty Images hide caption

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With its massive electronic billboards now dark, Tokyo's Shibuya fashion district is far more subdued than it was before the March 11 earthquake and tsunami. Yoshikazu Tsuno/AFP/Getty Images hide caption

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Frog Design and ECOtality created the Blink family of recharging stations for the Chevy Volt, Nissan Leaf and other electric vehicles. frogdesign.com hide caption

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Raj Rajaratnam, the billionaire founder of the Galleon Group, a major hedge fund, leaves Manhattan federal court in New York in February. Louis Lanzano/AP hide caption

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