The markets are down more than 300 points this morning. Asian markets were off even more, with Hong Kong 4.5% lower at its close.
Right now fear is being driven by new economic data released this morning, along with a major bell weather expected earnings miss.
The House voted down a measure to fund the federal government into the next year. Though both Republicans and Democrats agree on the total cost of the bill, they're still bickering over individual allotments.
Economist Nouriel Roubini doesn't see Operation Twist as the key to solving a growing global crisis. In fact, he thinks the U.S. and Europe are already headed into a recession that could be worse than 2008.
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