Is Recovery Losing Steam?

Pending home sales and construction activity data both declined sharply in May signaling that the U.S. economy is once again losing steam. Many observers feel looming tax hikes, additional regulatory burdens associated with new health care regulations, and measures in the financial system regulatory overhaul bill that are sure to tighten economic activity further, are all weighing on the minds of decision-makers in the U.S. and around the world. The New York Times covers the story here:

Is Recovery Losing Steam?