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The big fix for failing economies

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Members of the G20 pose for a group phot
Members of the G20 pose for a group photo during the G20 summit in Washington, D.C. Leaders of the Group of 20 richest economies and emerging economic heavyweights met to craft a joint strategy to deal with the rapidly spreading global financial crisis.
TIM SLOAN/AFP/Getty Images

World leaders wrapped up their Group of 20 summit on the international economy without agreeing on a coordinated stimulus package.

Meanwhile, a lame duck Congress meets this week to consider an auto industry bailout and other possible fixes for America's struggling economy.

Economics professor Louis Johnston talks about the state of the global economy.

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Members of the G20
Members of the G20 pose for a group photo during the G20 summit in Washington, D.C. Leaders of the Group of 20 richest economies and emerging economic heavyweights met to craft a joint strategy to deal with the rapidly spreading global financial crisis.
TIM SLOAN/AFP/Getty Images