President Obama campaigned outside Cleveland, Ohio, Wednesday, where he announced the appointment of a new consumer watchdog. The president used a recess appointment to install Richard Cordray. That might have been routine, but the Senate is not officially in recess.

Steve Inskeep has business news.

Linda Wertheimer has the Last Word in business.

Now that the Iowa caucuses are over, all eyes are on New Hampshire and its Republican presidential primary which is next week.

Residents of Wichita, Kansas, are outraged after Boeing announced Wednesday that it will close a massive defense plant there. More than 2,000 highly skilled jobs will be gone by the end of next year. The announcement sparked considerable frustration among elected officials who had been lead to believe that more Boeing jobs were on the way to Wichita.

Renewable energy is growing rapidly in the U.S., with wind and solar industries enjoying double-digit growth each year. Part of that growth comes from more homeowners choosing to install solar panels.

With government subsidies, some people can even make a financial argument for installing the panels. But in recent years, the price of one fossil fuel — natural gas — has declined so much that solar panels are having difficulty competing.

For two decades, the Pentagon has maintained that it could fight two wars at the same time. But as the Obama administration releases its new military strategy Thursday, some question whether the Pentagon will abandon that long-held commitment.

An early draft of the Pentagon's new strategy, The New York Times reported, said the military would only be able to win one war and spoil an adversary's efforts in a second war.