Nouriel Roubini, an economics professor, speaks at a panel discussion at the SALT conference in Las Vegas May 14, 2014.The US economic recovery is becoming "extremely anemic" and risks falling into a double-dip recession, famed economist Nouriel Roubini said Monday.
While indicators tracking consumer spending and industry growth continue to tick higher, they've done so at a slowing pace. The Federal Reserve has done almost all it can to provide its own policy support, and it's now up to Congress to reaccelerate the nation's bounce-back, the economist said. Still, Senate Republicans continue to balk at the larger bills and are instead slated to vote on a $500 billion package. With Democrats poised to block the piecemeal bill, many are now delaying stimulus forecasts until after the November elections are decided.
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