term impact

Election Day exit polls this week made clear that President-elect Barack Obama has a broad mandate to get the faltering U.S. economy back on track.

There is no shortage of proposals already circulating in Washington. But as more reports pour in showing the downturn accelerating — and spreading around the world — the short-term impact of the new administration’s policies may be limited.

There is no shortage or proposals circulating in Washington on how to revive the economy. But as the downturn accelerates – the short-term impact of theses ideas may be limited.

The U.S. dollar could be in for a rocky ride in coming days as investors lurch from hope that the worst of the financial crisis is over to fear about the long-term impact that hundreds of billions of dollars in new debt will have on U.S. government finances, analysts say.

The resulting spike in gas prices could be short-lived if Hurricane Ike's damage is light. But the longer-term impact won’t be known until the storm passes and floodwaters subside.