Old Problems Still Slowing Economic Recovery?

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Old problems are sparking new fears about America's economic recovery. 

High oil prices are shrinking consumer spending power. Unemployment insurance claims are on the rise. And American employers are still skittish about hiring new workers.

The same troubles slowed the country's economy in 2010 and 2011. According to The New York Times reports, economists say the trends point to a moderation of economic growth.

The news for the American economy comes as finance ministers and central bank governors from 20 nations meet this weekend in Washington, D.C., to discuss Europe's debt crisis.

The International Monetary Fund wants billions in additional aid from these nations, in case more European economies need rescuing. The agency already has about $385 billion.

The head of the IMF, Christine Lagarde, once estimated it needed $500 billion more in commitments. Last week she said less would be needed because of stronger global growth.

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