The betting is that the Federal Reserve won't raise interest rates at this week's meeting of the Federal Open Market Committee, its key policymaking body. There are already complaints that the Fed, which cut short-term rates to near zero in late 2008, is waiting too long to reverse low rates. 

They [Hong Ru and Antoinette Schoar] find that less-educated households were offered higher late fees, over-limit fees, and default penalty rates, as well as more upfront inducements, such as low introductory APRs, cash back, and waivers of annual fees.

Hoover Institution fellow Kevin Warsh talks about why US companies are moving production overseas and what can be done about it. Warsh notes we need to create the right environment (reduce regulations and taxes) for companies so they want to stay in the US.

On the way back from Washington, I passed the time reformatting my little essay for the Budget committee to html for blog readers.