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Moody's cut of Greek credit rating 'possible': finance minister
MADRID (AFP) - Moody's could follow the lead of two other international ratings agencies and downgrade Greece's debt rating, the country's finance minister said in an interview published Sunday.
Nations:Greece Source:(AFP)
2009-12-20
Geithner vows to lower US budget gap to 3%
WASHINGTON (AFP) - Treasury Secretary Timothy Geithner vowed Thursday to lower the double-digit US budget deficit to 3.0 percent of economic output in the "medium term" to get the recession-wracked US economy back on track.
People:Timothy Geithner Activities:2008 U.S. Recession Source:(AFP)
2009-12-03
France cornered amid EU deficits charge
BRUSSELS (AFP) - France was cornered among Europe's big guns on Tuesday as it sought to avert a public slap from the European Union this week over ballooning deficit levels.
Nations:France Estonia Luxembourg Denmark Bulgaria Finland Source:(AFP)
2009-11-10
For Americans, deficit pain is felt close to home
MIAMI (Reuters) - Christopher O'Neill is worried about the deficit. The deficit, that is, in his personal income after the 26-year-old Miami finance analyst was forced to find a temporary job paying $20,000 a year less than he earned until January when he was laid off from his auditor's post in Miami.
Nations:U.S. India People:Barack Obama Activities:2008 U.S. Recession Source:(Reuters)
2009-11-04
Federal deficit hits all-time high $1.42 trillion
WASHINGTON - The federal budget deficit has surged to an all-time high of $1.42 trillion as the recession caused tax revenues to plunge while the government was spending massive amounts to stabilize the financial system and jump-start the economy.
People:Barack Obama Activities:Obama Admin. 2008 U.S. Recession Source:(AP)
2009-10-16
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