News
WSJ | Geithner to Europe: Take Strong Action on Debt Crisis
U.S. Treasury Secretary Timothy Geithner said Saturday that the euro zone needed stronger action from authorities, including the European Central Bank, to tame a potential deterioration in the debt crisis.
Bloomberg | Euro-Region Debt Rises to Highest in Currency’s History
The debt of the euro region rose last year to the highest since the start of the single currency as governments increased borrowing to plug budget deficits and fund bailouts of fellow nations crippled by the fiscal crisis.
WSJ | IMF Nearly Doubles Its War Chest for Crisis
The world's top finance officials agreed Friday to boost their shared financial firepower, an effort to protect the global economy as European turmoil threatens the recovery for the third straight year.
Econ Comments & Analysis
Washington Times | Three years and no Senate budget
April 29 will mark three years since Senate Democrats passed a budget. This dereliction of duty flagrantly violates the 1974 Congressional Budget and Impoundment Control Act.
Blogs
WSJ | Japan’s IMF Pledge Makes It No. 1 Fund Contributor
Japan’s pledge to lend the International Monetary Fund $60 billion as part of its resource drive makes the Asian country the fund’s top contributor, taking the lead from the U.S.
