As has been expected for months, the FDA has issued a warning stating that over-the-counter cough and cold medicines are too risky for children under the age of 2. The warning states that "serious and potentially life-threatening side effects can occur."

Most drug companies have already stopped selling versions of nonprescription cold remedies which are targeted specifically at babies and toddlers. Recent surveys, however, suggest that many parents don't believe OTC remedies can pose a problem, especially if they've given them to an older child without harm.

The FDA has still not decided if OTC decongestants, antihistamines and cough suppressants are appropriate for older children.