As the Group of 20 industrialized nations met in Cannes, Ben Bernanke tempered optimism in the U.S. economy with sober projections for U.S. growth. Meanwhile, lawmakers urged a debt supercommittee to reach a compromise. This and more in the week that was.
President Barack Obama stands during a family photo at the G20 Summit in Cannes, France, Thursday, Nov. 3, 2011. Bottom row, from left are: President Teodoro Obiang Nguema Mbasogo of Equatorial Guinea; Brazil President Dilma Rousseff; Russian President Dmitry Medvedev; Argentina President Cristina Fernandez; Chinese President Hu Jintao; French President Nicolas Sarkozy; President Barack Obama; Indonesian President Susilo Bambang Yudhoyono; Mexico President Felipe Calderon; South Korean President Lee Myung-bak; South Africa President Jacob Zuma. Middle row, from left are: European Commission President Jose Manuel Barroso; European Council President Herman Van Rompuy; Prime Minister Julia Gillard of Australia; Prime Minister Silvio Berlusconi of Italy; German Chancellor Angela Merkel; Prime Minister Recep Tayyip Erdogan of Turkey; Indian Prime Minister Manmohan Singh; Canada Prime Minister Stephen Harper; British Prime Minister David Cameron; Japanese Prime Minister Yoshihiko Noda. World Trade Organization Director General Pascal Lamy; World Bank Group President Robert Zoellick; President Khalifa bin Zayed Al Nahyan of the United Arab Emirates; Prime Minister Jose Luis Rodriguez Zapatero of Spain; Prime Minister Meles Zenawi of Ethiopia; Singaporean Prime Minister Lee Hsien Loong; United Nations Secretary General Ban Ki-moon; Internatinal Monetary Fund Managing Director Christine Lagarde; International Labor Organization Director-General Juan Somavia; OECD Secretary General Jose Angel Gurria. (AP Photo/Charles Dharapak)
House Speaker John Boehner of Ohio arrives to talk about jobs at a news conference on Capitol Hill in Washington, Thursday, Nov. 3, 2011.(AP Photo/J. Scott Applewhite)
In this Jan. 9, 2011 file photo, former New Jersey Gov. Jon S. Corzine reflects on his four year term in office during an interview with The Associated Press at his home in Hoboken, N.J. MF Global Holdings Ltd. has been suspended from conducting new business with the New York Fed amid reports that the company plans to file for bankruptcy. (AP Photo/Rich Schultz, File)
Greek Prime Minister George Papandreou addresses Socialist members of parliament in Athens, Monday, Oct. 31, 2011. Papandreou says his country will hold a referendum on a new European debt deal reached last week. Papandreou gave no date on other details of a proposed referendum on the deal that aims to seek 50 percent losses for private holders of Greek bonds and provide the troubled eurozone member with euro 100 billion ($140 billion) in additional rescue loans. (AP Photo/Thanassis Stavrakis)
Rep. James Clyburn, D-S.C., left, confers with fellow supercommittee panelist Rep. Fred Upton, R-Mich., right, as the Joint Select Committee on Deficit Reduction holds a hearing on Capitol Hill in Washington, Tuesday, Nov. 1, 2011. (AP Photo/J. Scott Applewhite)
In this photograph taken by AP Images for AIDS Healthcare Foundation, Protestors from the AIDS Healthcare Foundation deliver a bag full of petitions requesting lower AIDS drug pricing to Johnson & Johnson headquarters in New Brunswick, NJ on Wednesday, Nov. 2, 2011. (Charles Sykes /AP Images for AIDS Healthcare Foundation)
Federal Reserve Chairman Ben Bernanke’s news conference is seen on a television screen on the floor of the New York Stock Exchange Wednesday, Nov. 2, 2011. Bernanke on Wednesday acknowledged that the pace of economic growth is likely to be “frustratingly slow,” after the Fed downgraded its forecast for the next two years. (AP Photo/Richard Drew)