Target’s latest earnings report revealed a massive plunge in profits. Meanwhile, imports at the Port of Los Angeles plummeted 28 percent in October as shippers continued diverting shipments to other ports.
Are these signs of an economic downturn? What does it mean for American households? NTD talked to Douglas Holtz-Eakin, president of The American Action Forum, to get his take. He says congressional gridlock could help rein in government spending.