College Planning
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Wolin Says Taxes Could Rise if Politicians Cast Doubt on U.S. Credit
By Kate McBrideTreasury’s Wolin cites risk of ‘double dip recession’ and higher rates on Treasury securities; taxes could rise to pay higher rates.
May 12, 2011
Bernanke Tells Senate, Failure to Raise Debt Limit Is 'Risky'; Dodd-Frank Repeal DebatedBen Bernanke said Thursday that failure by Congress to raise the debt ceiling is a “risky approach” that, at a minimum, would result in an “increase in interest rates that would worsen” the nation’s economy. The Senate committee also delved into the implementation of the Dodd-Frank Act and efforts by...
May 11, 2011
EU Reviews Greece Debt Reduction, as Workers StrikeAthens saw the arrival on Wednesday of inspectors from the European Union (EU) and the International Monetary Fund (IMF), who came to conduct a review of Greece's efforts to combat its rising debt and determine whether the country will receive the next aid tranche in its rescue package.
May 10, 2011
Boehner Demands Obama Cut Spending to Get Debt Limit DealHouse Speaker John Boehner said Monday night that President Obama must agree to more than $2 trillion in spending cuts in exchange for a vote to increase the debt ceiling enough to cover U.S. obligations through the end of next year.
May 10, 2011
Ireland Hopes for Rate Cut on BailoutAs euro zone ministers discussed easier terms and a second bailout for Greece, they also considered relaxing the terms under which Ireland must repay its own package of rescue loans.
May 09, 2011
Latest Greece Downgrade Brings Country in Line With BelarusComparison to Cold War stalwart does little to reassure foreign investors.
May 09, 2011
EU May Lower Bailout RatesThe European Union is considering lowering the interest rates on bailout loans for both Greece and Ireland, and is also putting together a second rescue package for Greece in an effort to stave off debt restructuring.
May 05, 2011
At FPA Townhall, CEO Tuttle Says 'Downward Spiral' in Membership Is OverAt FPA Retreat, leadership also addresses fiduciary standard, growth of women and finance community, and lobbying efforts.