July 17th, 2012
07:37 PM ET

Sen. Schumer calls the Fed the 'only game in town' that can help U.S. avoid its fiscal cliff: Does it add up?

Fed. Chairman Ben Bernanke gave no hints of another economic stimulus when he testified today before the Senate Banking Committee.

In a prepared statement, Bernanke said that the Fed's overall forecast shows unemployment still stuck above 7% or higher at the end of 2014. Bernanke called on Congress to end the gridlock and compromise on a plan to avoid America's "fiscal cliff", citing the potential of the nation slipping back into another recession.

What is the solution? If the Federal Reserve can't come up with another magic pill of stimulus and Congress can't get their act together, then what will help America avoid its fiscal cliff?

CNN's Erin Burnett takes a look at the Federal Reserve's economic fixes and its cost to the U.S. economy.


Filed under: Economy • News • Politics
July 17th, 2012
01:56 PM ET

Burnett on new Yahoo CEO, Marissa Mayer: "She has guts"

CNN's Erin Burnett tackles Monday's big tech news on Yahoo's surprise CEO pick, Marissa MayerFULL POST

Filed under: E-Block
July 17th, 2012
01:42 PM ET

Outer Circle: Syrian capital under seige

In Syria, where fighting intensified in the capital Monday, the Red Cross announced the spread of violence means the entire country is now in a civil war.

Ivan Watson is following this story and told us what this new fighting in Damascus means for the Syrian government.

Filed under: International • OuterCircle
July 17th, 2012
01:31 PM ET

The Number: "Curiosity" NASA's plan for you to be curious about Mars

In just a few weeks, NASA will try to land the rover "Curiosity" on the surface of Mars.

NASA is really pushing to promote the landing. They came out with this video, describing the "7 minutes of terror"- the 7 minutes it's going to take to land the Curiosity.
There's intense music with heavy drumbeats and dramatic animations - like something out of Hollywood. NASA has even gone as far as creating an "X-Box live" game to hype up the landing.

In it, players have to land the Curiosity using body movements, players are scored on how well they complete the 3 major phases of the landing.

NASA has to do these things, because the agency needs people to care about space again.

Which bring us to the number tonight: 300 million

That's the number of dollars slated to be cut from NASA's planetary science funding under President Obama's 2013 budget.

Filed under: The Number
newer posts »