Commenting on America's "fiscal cliff," Jay Leno observed, "It's 4 a.m. for our economy, and Lindsay Lohan is behind the wheel." Just a few days before Jan. 1, there is no solution in sight, and both sides of the debate seem deeply entrenched in their positions.
Global policymakers insist that the Federal Reserve's failure to implement new banking rules on time is nothing to worry about, but critics of the international plan to strengthen the financial system say this is evidence it's falling apart.
