Jun 21, 2012 The spotlight of the eurozone crisis moves to Spain, but no one has forgotten Greece. While the official unemployment rate there is above 21 percent, many more are working without pay.
Jun 5, 2012 Spain nears a credit crisis, worldwide markets are down, and U.S. borrowing costs near zero. Some economists argue this economic instant is the best time for the U.S. government to invest in infrastructure projects.
Jun 4, 2012 Stocks are down all over the world this morning as investors have their first chance to react to the Labor Department's May jobs report that came out on Friday. But the negative market sentiment isn't just about jobs.
Jun 4, 2012 It used to be a pipe dream of some European officials just a year ago. Now, German Chancellor Angela Merkel is pushing for a central authority to regulate all the finances of countries that use the euro.
May 31, 2012 Spain's Deputy Prime Minister, Soraya Saenz, will head to Washington to discuss ways to resolve the Spanish banking crisis with Treasury Secretary Tim Geithner.
May 31, 2012 Today, Ireland is holding a referendum on whether to ratify Europe's new fiscal discipline pact. A vote against the treaty would challenge German-backed austerity measures.
Stacey Vanek Smith
May 31, 2012 As investors cope with uncertainty in Europe, the interest on the 10-year Treasury note, the benchmark cost of U.S. debt, hit a record low of 1.6 percent.
May 30, 2012 With borrowing costs spiking for Spain and Italy, the Obama administration has sent a top treasury official to Europe to encourage European leaders to take decisive action on their financial mess.
May 30, 2012 The European Commission recommended today that Europe bring its banking system into closer union, so that stronger parts of the EU can help out weaker links without disrupting individual governments.