The Justice Department filed suit Wednesday to block AT&T's proposed takeover of T-Mobile. Officials say combining the country's second- and fourth-largest mobile phone carriers would be bad for competition. The $39 million deal has been under scrutiny from lawmakers and consumer groups. And the No. 3 carrier, Sprint Nextel, objects to the merger.
With the U.S. economy stuck in neutral, analysts are busy adjusting their forecasts to include the possibility of another recession. Most aren't predicting another downturn, they're just saying that the odds have increased.
Meanwhile, policymakers at the Federal Reserve are divided about what to do next. Some are arguing for more aggressive action while others think that would be a mistake, according to minutes from their last meeting released on Tuesday.
Both the Fed and Congress are running out of ideas that they haven't already tried.