Overnight, the Greek parliament imposed drastic cuts that will layoff some 150,000 government workers, raise the retirement age and lower the minimum wage by 20 percent. What would the same cutbacks feel like here in the U.S.?
There was some good news from Washington for a change. For the second month in row, U.S. job creation rose, leading some to believe the economy might finally be showing signs of a sustained recovery. But there were some skeptics.