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Sentiment. That raises alarm bells. Reporter another immediate concern is the impact of higher payroll taxes, which could force some households to cutback spending. In addition, gasoline prices are rising. And if they hit the psychologically important 4 a gallon mark, many consumers could also pull back on shopping. And long term, federal budget problems remain one of the biggest hurdles to growth. The u. S. Is running an annual deficit of 1. 1 trillion. We still have some fiscal speed bumps coming. And then we have the question of what they actually do on the fiscal side. So, right now, the economy and the fiscal situation are wrapped up into one really nasty ball of wax. Reporter keep in mind that many of the International Problems that have existed for more than a year havent gone away. Slowing economies in europe and china could slow global growth. And conflict with iran could push up energy prices. Erika miller, n. B. ....
Sentiment. That raises alarm bells. Reporter another immediate concern is the impact of higher payroll taxes, which could force some households to cutback spending. In addition, gasoline prices are rising. And if they hit the psychologically important 4 a gallon mark, many consumers could also pull back on shopping. And long term, federal budget problems remain one of the biggest hurdles to growth. The u. S. Is running an annual deficit of 1. 1 trillion. We still have some fiscal speed bumps coming. And then we have the question of what they actually do on the fiscal side. So, right now, the economy and the fiscal situation are wrapped up into one really nasty ball of wax. Reporter keep in mind that many of the International Problems that have existed for more than a year havent gone away. Slowing economies in europe and china could slow global growth. And conflict with iran could push up energy prices. Erika miller, n. B. ....