Austerity

The Greek parliament votes today on whether to send as many as 25,000 government workers into a so-called 'labor reserve.'

Protestors in Greece are rallying against austerity. The gathering comes just days after the country's government voted to allow 15,000 public employee layoffs.

Two European countries have come out with very different ways to tackle their economic problems.

Enrico Letta, of the center-left Democratic Party, has announced that he intends to fight the move towards austerity in Europe, and investors applauded.

The idea that government should be balance its budget and stay out of the way has been around a long time. It's gained ascendance in Washington even as more economists agree the government should spend more and help the economy.

Portugal's economic future is in doubt this morning after the country's high court ruled that many of the government's bailout cuts are unconstitutional.

The U.K. revealed the biggest overhaul to its welfare system in a generation. One major cut will be to crackdown on people who live in large houses but collect welfare payments.

Britain's budget, released today, contains more deep spending cuts. Nobel-winning economist Paul Krugman argues that austerity policies in the UK and Europe are killing growth.

A guide to living under austerity (and that's another word for sequester).

Global stock markets are falling this morning after preliminary election results in Italy indicate no political party won a clear majority in parliament.