Category: Currency
Supreme Court to Hear Challenge to Obama Health Care Law
The U.S. Supreme Court will hear a challenge to President Obama’s signature law on health care, it said Monday in an announcement that has nearly as much impact on partisan politics as the final decision has...
Italy’s Monti works to form new government
(Reuters) – Former European Commissioner Mario Monti worked on Monday to form a new government replacing Silvio Berlusconi that will try to reverse a disastrous collapse of market confidence in Italy. Monti began talks with...
Obama to China: Behave like a “grown up”
(Reuters) – President Barack Obama served notice on Sunday that the United States was fed up with China’s trade and currency practices as he turned up the heat on America’s biggest economic rival. “Enough’s...
Congress: Trading stock on inside information?
Washington, D.C. is a town that runs on inside information – but should our elected officials be able to use that information to pad their own pockets? As Steve Kroft reports, members of Congress...
U.S. Treasury Calls Sanctions on Syria ‘Effective’
AMMAN, Jordan – Economic sanctions on Syria coupled with steps by countries in the region will hasten the ouster of Bashar Assad’s regime, a U.S. treasury official said Sunday, consulting with Jordan about enforcing...
Mayor Presses Both Parties to Cut U.S. Deficit
Mayor Michael R. Bloomberg said Tuesday that it was time for Washington to take serious steps to address the federal deficit, starting with a measure certain to be unpopular with some of his financial...
Italy pushes through austerity law
(Reuters) – Italy’s parliament began rushing through austerity measures demanded by the European Union to avert a euro zone meltdown, after U.S. President Barack Obama ratcheted up pressure for more dramatic action from the currency bloc....
Gold eases on Italy, Greece debt worries
(Reuters) – Gold fell almost 2 percent on Thursday as worries about a disordered bankruptcy in Greece and a deepening debt crisis in Italy weighed on market sentiment and pushed investors to liquidate commodity assets, including...
French and Germans explore idea of smaller euro zone
“France and Germany have had intense consultations on this issue over the last months, at all levels,” a senior EU official in Brussels told Reuters, speaking on condition of anonymity because of the sensitivity of...
