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debt crisis

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Oct 24

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News Wrap: European Union Nations’ Government Debt at Record High

In other news Wednesday, the European Union reported that Europe's financial struggles were far from over. Overall government debt of Eurozone countries reached a record high at 90 percent of total economic output for the year. Five E.U. member countries…

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Oct 11

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News Wrap: International Monetary Fund Urges Europe to Deal with Debt Crisis

In other news Thursday, the International Monetary Fund sent mixed messages to the Eurozone this week, urging European leaders to move faster on management of debt crisis, while cautioning against too much austerity in Greece and Spain.

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Sep 26

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Protesters March on Greek Parliament to Protest Wage Cuts and Privatization

With nearly 70,000 people marching toward the parliament in Athens, Greece saw its largest protests since May 2011. Greeks were angered by cuts in wages, pensions and welfare that the debt-ridden country enacted to meet budget targets. Independent Television News'…

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Sep 06

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News Wrap: Romney Says He Won’t Watch President Obama’s DNC Speech

News Wrap: Romney Says He Won't Watch President Obama's DNC Speech…

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Jul 17

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States Plagued by Fiscal Problems, Pension Payments

Grim findings from a task force come amid further setbacks to the nation's economic health. Jeffrey Brown discusses eroding revenues, state budget cuts and steep pension obligations with former New York Lt. Gov. Richard Ravitch, the report's co-chair, and Susan…

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Jul 10

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News Wrap: Eurozone Agrees to Spain Bailout Package; Oil Prices Fall

In other news Tuesday, Spain will get its first bailout payment of more than $36 billion before the end of the month. In early trading on Wall Street, stocks moved higher, but gains were erased by falling oil prices.

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Jul 03

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Christine Lagarde on Avoiding the ‘Fiscal Cliff’

Christine Lagarde on Facing the 'Fiscal Cliff'…

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Jul 03

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Christine Lagarde on U.S. Economic Recovery

Christine Lagarde on U.S. Economic Recovery: It's Much Slower Than We Would Like"…

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Jun 29

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EU Ambassador on Debt Crisis Deal: ‘Major Step Forward’

EU Ambassador to the United States Joao Vale de Almeida told Jeffrey Brown an agreement among eurozone nations that includes creating a bank rescue fund is a "major step forward" in solving the region's debt crisis.

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Jun 19

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News Wrap: JPMorgan Was Honest With Shareholders, Jamie Dimon Says

In other news Tuesday, JPMorgan Chase CEO Jamie Dimon faced more questions from Congress involving the bank's $2 billion tradition loss. Also, at the G-20 Summit in Mexico, European leaders resisted pressure for immediate action on their debt crisis.

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