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Customers stand in line as Jaqueline Henderson, right, prepares to pump gas at a station in Portland, Ore., Friday, July 29, 2011. President Barack Obama and top auto executives are set to unveil details of a compromise to slash the amount of gasoline cars and trucks will need down the road. The deal will double fuel economy standards to 54.5 miles per gallon by 2025 and further restrict the tailpipe emissions blamed for global warming. (AP Photo/Don Ryan)
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News of a massive stock selloff rolls around a ticker in Times Square, Monday, Aug. 8, 2011, in New York. The Dow Jones industrials closed down 634 points, or 5.5 percent, to 10,809. It was the first time the Dow fell below 11,000 since November and its biggest one-day point drop since December 2008. (AP Photo/John Minchillo)
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A currency trader works in front of a TV showing U.S. President Barack Obama at the Korea Exchange Bank headquarters in Seoul, South Korea, Tuesday, Aug. 9, 2011. Asian equity markets were sharply down early Tuesday as investors fearing a possible global economic slowdown continued to flee stocks. (AP Photo/Ahn Young-joon)
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Trader Andrew Stavros reacts on the floor of the CME Group on Monday in Chicago after the close of trading in the NASDAQ-100 Index pit. Stocks plummeted after anxiety overtook investors on the first trading day since S&P downgraded U.S. debt. (Associated Press)
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TransCanada's $7 billion Keystone XL pipeline is designed to carry crude oil from tar sands near Hardisty, Alberta, to the Gulf Coast. It must first receive approval through the U.S. State Department's permitting process, but it has been stuck there for three years in part because of environmental concerns. (Associated Press)
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Nicholas Babb, 12, of Mitchellville, right, gets tips on his swing on the range from Ed Artis, Executive Director of the First Tee program of Prince George's County, at Enterprise Golf Course, in Mitcheville, Md., Tuesday, July 26, 2011. Artis has been running the program in the county for 10 years. "Using the platform of golf, we run a character development program for young kids," said Artis. "We want them to be good golfers, but more importantly we want them to make wise choices in life." Over 350 kids are enrolled in the First Tee program at Enterprise, with each student coming for an hour per week. (Drew Angerer/The Washington Times)
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Nicholas Babb, 12, of Mitchellville, right, gets tips on his swing on the range from Ed Artis, Executive Director of the First Tee program of Prince George's County, at Enterprise Golf Course, in Mitcheville, Md., Tuesday, July 26, 2011. Artis has been running the program in the county for 10 years. "Using the platform of golf, we run a character development program for young kids," said Artis. "We want them to be good golfers, but more importantly we want them to make wise choices in life." Over 350 kids are enrolled in the First Tee program at Enterprise, with each student coming for an hour per week. (Drew Angerer/The Washington Times)
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Warren Jeffs is taken into the side entrance of the Tom Green County Courthouse on Aug. 8, 2011 in San Angelo, Texas. (Associated Press/ San Angelo Standard-Times)
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Japanese Finance Minister Yoshihiko Noda speaks to reporters at the ministry in Tokyo Monday morning, Aug. 8, 2011 before the beginning of the day's stock trading in Japan. Financial ministers from the Group of Seven economies, including Noda, held talks on world market stability as Middle Eastern markets tumbled Sunday in the first sign of investor fallout from a historic U.S. credit downgrade. (AP Photo/Kyodo News)
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"The downgrade is Wall Street's way of claiming dominance over political jockeying. It would be a mistake for investors to panic," says financial guru Ric Edelman, host of the new PBS show "The Truth About Money." As Mr. Edelman advises, "Knowledgeable, prudent investors must stay the course." (Provided by Ric Edelman)
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Traders work the crude oil options pit at the New York Mercantile Exchange on Friday in New York. Last week's stock market drop and fears of the lingering sour economy have already begun to put downward pressure on oil, which analysts said will translate to lower pump prices at stations around the country. (Associated Press)
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ASSOCIATED PRESS An Emirati man looks at a lingerie display as he passes in front of Frederick's of Hollywood at a shopping mall in Abu Dhabi, United Arab Emirates. The lingerie retailer chose the Emirates for the launch of its first international store. In only a few short years, this desert country has emerged as an unlikely first port of call for retailers looking to test their brands overseas.
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ASSOCIATED PRESS Frederick's of Hollywood CEO Thomas Lynch expects local women, who generally appear in public covered in full-length black cloaks and headscarves, and other Arabs will account for as much as two-thirds of the sales at the retailer's new store in Abu Dhabi.
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**FILE** Pedestrians walk past a Wall Street sign near the New York Stock Exchange. (Associated Press)
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A money trader reacts in front of a monitor for the yen-dollar exchange rate at a money market brokerage firm in Tokyo Friday, Aug. 5, 2011. Asian stock markets tumbled Friday amid fears the U.S. may be heading back into recession and Europe's debt crisis is worsening. The sell-off follows the biggest one-day points decline on Wall Street since the 2008 financial crisis. (AP Photo/Shizuo Kambayashi)
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An electronic board displays trading activity on the floor of the New York Stock Exchange Thursday. The Dow plunged 513 points, 4.3 percent, its ninth-largest point drop ever. The S&P 500 fell 5 percent. (Associated Press)
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CONSULTANT: Ashton Carter, the Pentagon's top weapons buyer, earned money from the defense industry while teaching at Harvard. (Associated Press)
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ASSOCIATED PRESS Adm. Mike Mullen (right), chairman of the Joint Chiefs of Staff, and Defense Secretary Leon E. Panetta warned against further spending cuts for the military beyond the $350 million to $400 million already agreed by Congress and President Obama this week. “I think anything beyond that would damage our national defense," Mr. Panetta said.
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Assembly line worker Edward Houie moves a door into position for a 2012 Chevrolet Volt at the General Motors Hamtramck Assembly plant in Hamtramck, Mich. GM said Thursday that its second-quarter profit nearly doubled to $2.5 billion as automaker got higher prices for its cars and trucks worldwide. (Associated Press)
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A monitor displays Dow Jones Industrial Average from the floor of the New York Stock Exchange on Thursday, Aug. 4, 2011 in New York. The Dow Jones industrial average plunged more than 300 points and erased its gains for the year as investors grew more concerned about economic weakness in the U.S. and Europe. (AP Photo/Jin Lee)
