Jan 16, 2012 Right after Wall Street closed on Friday, the ratings agency Standard and Poor's downgraded the credit ratings of nine European countries. France and Austria lost their prized AAA credit ratings.
Jan 13, 2012 France and Austria get credit ratings downgrades, and Greece weighs its dwindling options.
Dec 30, 2011 A graph of the stock market in 2011 looks like a contour map of Death Valley glued to the Himalayas. Despite huge swings, the S&P 500 index ended the year remarkably close to where it began.
Jan 11, 2012 A vote today in Italy passes a round of austerity measures suggested by newly appointed Prime Minister Mario Monti. But is it enough to make a dent in the problem?
Dec 16, 2011 Congress reaches a deal to avoid a government shutdown -- and it hinges around light bulbs. Retired Americans are no longer shipping off to Florida when they are done working. On the front lines of the European debt crisis, Italy passes austerity measures proposed by new Prime Minister Mario Monti.
Dec 13, 2011 All knowledge to be temporarily suspended?
Dec 12, 2011 Most of the leaders of Europe agreed to a deal on Friday to help solve the crisis there. But will austerity measures also stunt growth?
Dec 6, 2011 Ireland was bailed out a year ago, and it is now facing another round of austerity measures. How are the Irish people faring in these stricter conditions?
Dec 5, 2011 The new leader of Italy has announced a plan for tax increases and spending cuts to deal with the ongoing debt crisis in the country