Dec 10, 2012 Italy, the third biggest economy in the euro zone, has been plunged into political turmoil as Prime Minister Mario Monti has announced plans to step down.
Dec 3, 2012 What recourse do creditors have when a sovereign nation decides not to pay its debt? A case study on that question is playing out in U.S. courts.
Sep 17, 2012 According to a piece in this morning's Wall Street Journal, the U.S. Treasury's welcome at General Motors is wearing thin. GM is reportedly pushing for the government to sell most or all of its remaining stake -- currently about a quarter of the company. But the Obama administration seems to be in no hurry to exit.
Stacey Vanek Smith
Sep 10, 2012 The former Chief Restructuring Officer at the U.S. Department of the Treasury says the government could end up making $20 billion on the AIG bailout
Sep 10, 2012 Stock sale would reduce the U.S. government's stake in the once-troubled insurance firm to less than half for the first time since it bailed out AIG in 2008.
Sep 6, 2012 The European Central Bank is set to go on a bond-buying spree in an effort to save the euro and stem the debt crisis. But how does it work? It helps to think about candy.
Sep 6, 2012 Making good on earlier promises, European Central Bank chief Mario Draghi has unveiled a huge bond-buying program aimed at tackling the European debt crisis.
Aug 28, 2012 Several countries in the eurozone are preparing to borrow by selling bonds. Each nation in the bloc is becoming more wary of buying the debt of its neighbors.
Aug 3, 2012 The news that didn't quite make the headlines. This week: Missile Defense staff warned to stop surfing porn sites, an entire industry of consultants to help you raise money on Kickstarter, and counterfeit $100 bills in Arizona.
Jul 24, 2012 A number of Southern Italian cities, including the entire province of Sicily, are on the verge of bankruptcy.