Alan Blinder, an economist and former vice chairman of the Federal Reserve, discusses why he thinks the government doesn't get enough credit for saving the U.S. economy from a much worse fate.
It looks like the U.S. government’s rescue of insurance giant AIG is coming to an end. And, amazingly enough, it’s a happy ending: The government is selling the last of its AIG stock — for a profit.
The Spanish government is suspending foreclosures for the neediest homeowners just a week after a woman there committed suicide when officials arrived at her apartment to seize it.
Yesterday, the Greek parliament pushed through an extensive package of cuts and tax increases — its most aggressive austerity budget so far — in order to receive their next bailout payment.