President Barack Obama met with Mexico's President Felipe Calderon and Canadian Prime Minister Stephen Harper in Guadalajara Monday to discuss H1N1 flu prevention and efforts to combat a deadly cross-border drug trade.

Paul Solman: The third in this week’s series of conversations with economist Simon Johnson has to do with the cap and trade debate — whether cap and trade is a good idea, the feasibility of a carbon tax, and…

Question: Please explain the trade deficit. What is it? Why is it important? Is it an indicator like taking someone’s temperature or is it a debt that has to be paid? Does it relate directly to our national debt?…

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