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Congress Political Leaders


  • Irish Recovery Hampered by Moody's Downgrade Wednesday, 13 Jul 2011 | 7:15 AM ET
    irish policeman eu bailout protestors

    The Irish economic recovery has been held back by credit ratings agency Moody's downgrading its rating to junk status, Minister for Jobs, Enterprise and Innovation Richard Bruton said Wednesday.

  • 'Too Many Cooks' in Euro Debt Crisis: OECD Head Wednesday, 13 Jul 2011 | 6:58 AM ET
    European Central Bank

    Finding a solution to the euro zone crisis is such a complex task that investors, as well as many citizens of the European Union, have grown disgruntled with attempts to sort out the debt.

  • From Italy to the US, Utopia vs Reality Wednesday, 13 Jul 2011 | 12:43 AM ET

    In the euro zone, the fiscal crisis is lapping on Italy’s shores. In the US, the administration declares it will run out of funding early next month if the debt ceiling is not raised. Far fewer Europeans than Americans believe public sector defaults are beneficial, according to the FT.

  • nest_dollar_bill_200.jpg

    The small city of Central Falls, R.I., appears to be headed for a rare municipal bankruptcy filing, and state officials are rushing to keep its woes from overwhelming the struggling state, the New York Times reports.

  • Euro Is Punished, Yen and Swiss Franc Soar Tuesday, 12 Jul 2011 | 9:57 AM ET

    The euro takes a beating and the trade deficit dents the dollar - time for your FX Fix.

  • Mamas and Papas Will Keep Italy Going: Italian Trader Tuesday, 12 Jul 2011 | 4:46 AM ET
    Statue and Italian Flag in front of Vittorio Emanuele monument.

    Italy's family savings will keep the country from defaulting, Alessandro Capuano, head of Italian desk at IG Markets, told CNBC Tuesday.

  • Banks Look Like Tech Stocks Before Bust: Fund Manager Tuesday, 12 Jul 2011 | 3:04 AM ET

    European bank stocks are now trading like technology stocks did before the bust of the early 2000s, Peter Toogood, Director of Investment Services at Old Broad Street Research, told CNBC Tuesday.

  • America Needs Austerity Not Hypocrisy: Economist Tuesday, 12 Jul 2011 | 2:08 AM ET

    Politicians on Capitol Hill are playing with fire on the debt ceiling and need to accept responsibility for the debt crisis rather than engaging in a hypocritical debate on tax and spending, according to Jan Poser, the chief economist at Sarasin in Zurich.

  • Big Tax Breaks Mean Big Dollar Gains? Tuesday, 12 Jul 2011 | 1:53 AM ET

    Currency investors are currently debating the merits of a proposed plan to allow a tax holiday for big US multinationals that could see money pour back into America, potentially boosting the dollar.

  • Use Deadline to Pressure Obama to Make Cuts: Corker Monday, 11 Jul 2011 | 1:05 PM ET

    U.S. Sen. Bob Corker wants trillions in spending cuts and sees no reason to avoid using the Aug. 2 deadline to put some "leverage" on the Obama administration.

  • Euro Fatigue? Trade These Safe-Haven Currencies Monday, 11 Jul 2011 | 1:02 PM ET

    The ongoing crisis in the euro zone is creating a trading opportunity among safe-haven currencies, this strategist says.

  • Shell, Mitsubishi Expected to Sign Iraq Gas Deal Monday, 11 Jul 2011 | 12:20 PM ET
    Natural Gas

    The Iraqi government is expected to sign a $12 billion gas deal with Royal Dutch Shell and Mitsubishi Corp on Tuesday, Dow Jones reported.

  • For Boehner, Lofty Budget Goals Checked by Reality Monday, 11 Jul 2011 | 10:57 AM ET
    U.S. Minority Leader Rep. John Boehner

    At a private meeting about deficit reduction at the White House last week, Speaker John A. Boehner told his fellow Congressional leaders and President Obama that he did not spend 20 years working his way up to the top job on Capitol Hill just for the cachet of the title — he wanted to accomplish something big, the New York Times reports.

  • US Capitol Building with cash

    On Thursday afternoon, I appeared on CNBC with my friend Rick Santelli to discuss the debt limit and what may happen when it is reached sometime in early August. If you saw the piece, you know that Rick became fairly passionate about his position that there should be no compromise on increasing the limit and that the government absolutely has to solve this issue by cutting spending.

  • Germany Pushes for New Greek Rescue Package Monday, 11 Jul 2011 | 8:51 AM ET
    German Chancellor Angela Merkel

    German Chancellor Angela Merkel pressed Monday for a quick agreement on a new rescue package for Greece, and said she is confident that Italy will push through an austerity plan.

  • Questions Raised Over Banking Stress Tests Monday, 11 Jul 2011 | 5:53 AM ET

    After the European market closes on Friday, global markets will be digesting the results of the latest set of stress tests for European banks. Those that fail will need to raise more capital and the health of those that pass is likely to remain in doubt given questions being raised about the credibility of the tests.

  • US Unemployment: 9.2 Percent and Rising? Monday, 11 Jul 2011 | 3:22 AM ET
    Out of Work

    Hopes of a speedy recovery for the US economy where dashed by Friday’s disappointing jobs number that showed only 18,000 jobs where created by the world’s largest economy in June.

  • Italy, Spain Will Mean More 'Carnage': Fund Manager Monday, 11 Jul 2011 | 12:57 AM ET

    As euro zone finance ministers meet to discuss the latest plan on the table aimed at solving the Greek debt crisis, one fund manager is warning that Italy and Spain will be downgraded, raising the possibility of "carnage" for global markets.

  • EU Stance Shifts on Greece Default Monday, 11 Jul 2011 | 12:26 AM ET
    EU building flags brussels

    European leaders are for the first time prepared to accept that Athens should default on some of its bonds as part of a new bail-out plan for Greece that would put the country's overall debt levels on a sustainable footing, reported the FT.

  • El-Erian: Keep a Close Eye on Italy Sunday, 10 Jul 2011 | 7:10 PM ET

    What happened in Italy last week was notable. If it continues, it would mark a significant extension of the regional debt crisis that Europe has repeatedly failed to come to grips with.