While the short term economic forecast is favorable, there are storm clouds gathering on the horizon, according the U.S. Chamber Vice President and Chief Economist Martin Regalia. During a pre-Labor Day briefing held at the Chamber, Regalia said the expiration of President Bush's tax cuts in 2010, low national savings and productivity, a weak dollar and significant new government spending could come together to create the "perfect economic storm."

Read more about the economic "Perfect Storm."