This document provides an economic overview and outlook for the United States in Q2 2012. It discusses the country's GDP growth estimates of 2.1% for 2012 and 2.4% for 2013, high debt levels, and unemployment above 8%. The housing market is showing signs of stabilization with home sales up 7% in 2012. The energy sector is becoming more self-sufficient due to increased natural gas production and projected reductions in Middle East oil reliance by 2020. Looming issues include the "Fiscal Cliff" at the end of 2012 and greater financial regulation under Dodd-Frank.