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Sung Won Sohn
Latest Sung Won Sohn Items
China's economy is struggling for a second time in four years to avoid being dragged under by a receding tide of ebbing growth and financial crises elsewhere in the world.
The slumping housing market struck a sour note Tuesday, somewhat dampening optimism that the economy is getting a big sugar rush from the best Christmas selling season in three years.
The Obama administration this week may have to fend off a fight with Democratic allies in Congress who are angry about what they say is China's refusal to end trade-distorting policies and who are threatening reprisals that businesses fear could start a trade war.
This year's debate over extending President George W. Bush's tax cuts has turned into a brawl over which party is doing more for small businesses, with assertions that the health of the economy and thousands of future jobs are at stake.
The U.S. economic recovery downshifted dramatically this spring as various stimulus measures enacted by Congress ended or started to wane.