News
Irish Times | Europe's debt continues to rise
The 27-nation European Union's total government debt rose slightly to 82.2 per cent of economic output in the third quarter of 2011, statistics agency Eurostat said today, while debt in the 17-nation euro zone declined to 87.4 per cent of output.
Washington Times | Student debt often leads to bankruptcy, lawyers find
A report released Tuesday by the National Association of Consumer Bankruptcy Attorneys (NACBA) shows that more and more graduates and parents are turning to bankruptcy as their final option to deal with mounting debt.
Market Watch | Greek bailout hopes rise amid ECB concession
Talks between Greece and international creditors over a second bailout stretched past yet another deadline, but appeared to be moving toward a conclusion Wednesday after the European Central Bank reportedly agreed to exchange Greek government bonds at less than face value in an effort to further reduce the nation’s debt load.
National Journal | Finance Approves $9.6 Billion for Transportation Bill
The Senate Finance Committee approved legislation on Tuesday funding a $9.6 billion, two-year surface-transportation bill.
Econ Comments & Analysis
CBO | Monthly Budget Review
The federal government accumulated a budget deficit of $349 billion in the first four months of fiscal year 2012, CBO estimates, $70 billion less than the shortfall recorded for the same period last year.
