News
WSJ | Italy Approves €4.5 Billion in Spending Cuts for 2012
Italy's government late Thursday approved €4.5 billion ($5.58 billion) in spending cuts for 2012 aimed at slashing the size of Italy's bloated public sector and delaying a new tax increase until after the first half of 2013.
WSJ | Doubts Emerge in Bloc's Rescue Deal
Euro-zone countries would still have to guarantee the loans their banks receive from the region's permanent bailout fund, the European Stability Mechanism, even if it directly recapitalizes them, a senior European Union official with direct knowledge of the situation said.
Econ Comments & Analysis
WSJ | America Has Too Many Teachers
President Obama said last month that America can educate its way to prosperity if Congress sends money to states to prevent public school layoffs and "rehire even more teachers." Mitt Romney was having none of it, invoking "the message of Wisconsin" and arguing that the solution to our economic woes is to cut the size of government and shift resources to the private sector.
