Double Dip or No Double Dip for U.S. Economy

Published: Aug. 23, 2010, 1 p.m.

b'Australia election resulted in hung parliament,first one since 1940.
Australian dollar and government bonds both fell in value. The Australian dollar lost almost 1% against the US dollar in early trading, before recovering somewhat.
Intel, announces a deal to buy the security technology firm McAfee for $7.68bn.
Congressional Budget Office Director Douglas Elmendorf on CBO estimates and the long-term effects of high debt levels on the U.S. economy and unemployment rates'