debt

AP - President Nicolas Sarkozy appeared to temper his calls for the European Central Bank to play a bigger role in solving Europe's debt crisis as he agreed to a German effort to unite the troubled 17-nation eurozone more closely. More...

AP - Italian Premier Silvio Berlusconi conceded Tuesday he no longer had the support to govern and announced he would resign like his Greek counterpart, becoming the biggest political casualty yet of the European debt crisis. More...

AP - Breaking with party orthodoxy, 40 House Republicans urged Congress' supercommittee on Wednesday to consider all options for raising revenue as they hunt for ways to trim the gargantuan $14.8 trillion national debt. More...

AP - The euphoric rally in share prices fed by a European deal to cut Greece's debt and prevent larger countries from falling down the same hole slowed on Friday, as investors began to recognize the significant challenges that still face the continent. More...

AP - An agreement to contain the European debt crisis electrified the stock market Thursday, driving the Dow Jones Industrial average up nearly 340 points and putting the Standard & Poor's 500 index on track for its best month since 1974. More...

AP - European leaders rushed to Brussels Wednesday facing colossal pressure to do what they have failed to in numerous previous meetings: produce a comprehensive solution to the continent's increasingly unmanageable debt crisis. More...

WASHINGTON - Congressional leaders rushed to line up Republican and Democratic votes on Monday for a White House-backed deal to raise the U.S. borrowing limit and avert an unprecedented debt default. With scars still fresh from the months-long brawl over increasing the $14.3 trillion debt...

Europe's debt problem will get harder and more expensive to solve unless European leaders act aggressively to deal with it, Canadian Finance Minister Jim Flaherty said on Monday. "The issues facing Europe won't get better, but more difficult to handle and more expensive if not addressed in a...

<div>BRUSSELS (Reuters)

U.S. takes steps as it hits debt limit WASHINGTON, -- The U.S. government reached its $14.29 trillion debt limit Monday and would take extraordinary measures to remain solvent, the Treasury Department said. In effect, reaching the debt ceiling puts the government on notice, giving it...

Moody's cut Spain's debt rating on Thursday, pushing the euro lower and deepening the sense of crisis in the 17-nation currency bloc on the eve of a crucial summit. German Chancellor Angela Merkel signaled to lawmakers in a closed-door meeting that she was prepared to agree an increase in...

Egypt has asked Britain for its support in seeking debt forgiveness from Europe, the Finance Ministry said Tuesday, in the latest push to boost an economy bruised by weeks of protests that toppled President Hosni Mubarak. Finance Minister Samir Radwan also said in a statement that the current...

http://cnn.com/video/?/video/business/2011/01/27/qmb.davos.pm.papandreou.cnn -- Despite deep public spending cuts that triggered waves of protests last year, Greece will not default on its debt payment obligations, Prime Minister George Papandreou told CNN. "This is not on the books ... it's...

http://cnn.com/video/?/video/world/2011/01/12/qmb.portugal.fm.cnn -- The intensifying European debt crisis appeared to take a step back from the brink on Wednesday when besieged Portugal was able to sell more than €1.2bn in long-term debt at much lower than expected interest rates. European...

The latest posting today of the National Debt shows it has topped $14 trillion for the first time. The U.S. Treasury website today reported that as of last Friday, the last day of 2010, the National Debt stood at $14,025,215,218,708.52. It took just 7 months for the National Debt to increase...

NEW YORK – Stocks fell slightly Wednesday ahead of an upcoming meeting of world leaders and as Europe continues to grapple with government debt problems. Not even an unexpectedly sharp drop in first-time claims for unemployment benefits was enough to give the market much of a lift. The Dow...

The government debt burden shouldered by employees in the rich world will more than double between 2007 and 2015 as an ageing population puts rising strain on welfare and health systems in advanced economies. In new calculations for the Financial Times, Eswar Prasad, a former International...

NEW YORK -- Student loan debt is on the rise, and fewer graduates are getting jobs to pay back what they borrowed. College seniors who graduated last year owed an average of $24,000 in student loan debt, up 6% from the year before, according to a report from the Project on Student Debt. The...

Germany, France, show a unified front BERLIN, (UPI) -- French and German leaders said they had put aside some differences on how to handle Europe's financial struggles during a summit meeting in Berlin. At a news conference, French President Nicolas Sarkozy said, "We both made a step toward...