President Barack Obama said Wednesday that Washington has "taken its eye off the ball" as he pledged a stronger second-term commitment to tackling the economic woes that strain many in the middle class nearly five years after the country plunged into a recession.
The mood in markets turned positive Wednesday after some dovish remarks from U.S. Federal Reserve chairman Ben Bernanke raised the prospect that the central bank's monetary stimulus may stay in place a little longer than expected.
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