Obama inauguration: What next for the US economy?
21 January 2013 Last updated at 10:34 GMT
With Barack Obama's second inauguration taking place on Monday, what can US households and firms expect from his second term?
As chief executive of US inc, he faces a tough four years - the economy is growing and firms are starting to hire again but the recovery is still fragile.
The US government is trillions of dollars in debt and faces a budget crisis unless politicians can agree on spending cuts or a rise in borrowing.
The BBC's Michelle Fleury reports from New York.