In Greece, tax collectors are on strike to protest benefit cuts while in Italy, the government was able to borrow $9 billion to help pay for services, but banks willing to lend also demanded a high return.
Conflict in Washington continues over the possible extension of the payroll tax cuts, as experts disagree whether the measures help or hurt the broader economy. The SEC is pushing for a rule that would disclose the income gap between the average American worker and CEOs. It is about to get a bit more difficult to be a cab driver in Chicago. And what kind of football team will make its home in Los Angeles?
The euro has fallen to its weakest point against the dollar in almost a year. This helps American travelers to Europe — but only if they can afford a vacation.
The euro fell to $1.29 today, its lowest since January. Experts say it's a sign Europe is still hurting, despite last week's proposed treaty to crack down on budgets.