Brace for $4 gas again: How U.S.-Iran tensions are threatening to end the
price break at the pump
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Americans got some relief at the gas pump in recent weeks, enough to slow
down inflation. That might not last long as the U.S. and Iran continue to
vie for...
4 hours ago
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A set of austerity measures cleared the Italian Senate by a vote of 156-12. The lower chamber of Parliament will vote Saturday, and Prime Minister Silvio Berlusconi has said he will step down once the reforms are passed.
ReplyDeleteIn a sign of confidence from investors, Italy's borrowing costs fell sharply. The yield on benchmark Italian 10-year bonds fell to 6.48 percent, safely below the crisis level of 7 percent reached earlier this week.
Greece, Ireland and Portugal all required international bailouts after their own borrowing rates passed 7 percent. The Italian economy would not be so easy to save. It totals $2 trillion, twice as much as the other three countries combined.