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Merkel tells Europe to prop up its banks

Germany urged Europe Wednesday to recapitalise its banks where necessary to prevent the eurozone debt crisis from spreading as the IMF warned the EU to get its act together and head off recession. As Greek police tear-gassed protesters in the latest strike over ever-deeper austerity measures, Chancellor Angela Merkel said…

AFL-CIO president: GOP ‘started the war on working Americans’

Rallying attendees on the second afternoon of the Take Back The American Dream summit, AFL-CIO President Richard Trumka said of Republicans, “If they want to have a debate on class warfare, we’ll have that debate,” because “It wasn’t our class that started the war on working Americans.” Trumka used his…

Europe urges Greece to do more, delays bailout cash

Europe delayed the release of bailout funds to Greece on Tuesday, demanding Athens make more sacrifices and warning banks may have to share more of the pain in the crisis threatening theeurozone. Stock markets tumbled after European finance ministers said Greece could wait until early November to receive 8.0 billion euros, the next…

More than one-third of Senate urges debt panel to cut $4 trillion

Senator Mark Warner (D-VA) announced Thursday that he had organized a coalition of 36 senators to encourage the congressional “super committee” to seek the broadest possible agreement to address the nation’s spending and debt. The coalition — made up of 18 Republicans, 17 Democrats and one Independent — represents more…

IMF urges euro action as Merkel tempers summit expectations

German Chancellor Angel Merkel talked down the chances Tuesday that a eurozone summit will deliver the silver bullet to resolve the debt crisis as the IMF pressed leaders to take urgent action. While senior eurozone finance officials met in Brussels to craft a second Greek bailout for Thursday’s summit, Merkel…

Obama praises ‘gang of six’ debt ceiling proposal

US President Barack Obama said Tuesday that “some progress” has been made in tough debt talks, as he congratulated a bipartisan group of senators busy hammering out a “balanced approach.” “Some progress was made, in some of the discussions. Some narrowing of the issues,” the president told journalists as Democrats…

Poll: People confident debt deal will be reached, but disapprove of tactics

As debt crisis talks and negotiations continue for the second week running at the White House, the media continues to barrage the public with reports of seemingly endless negotiations and attempts at deals. Results of a new CBS News poll signal that the majority of people are ready for a…

Gingrich campaign $1 million in debt from private jets, web developers

All candidates for federal office, including presidential hopefuls and those running for Congress, were required to file their second quarter campaign finance paperwork with the Federal Election Commission last Friday. While this sounds like — and is — a bunch of paperwork, for the public, it’s a glimpse into candidates’…

Gold soars above $1,600 per ounce for first time

The price of gold surged on Monday above $1,600 per ounce for the first time in history, as investors bought the safe-haven metal amid deepening debt worries in the eurozone and the United States. Gold jumped as high as $1,600.10 an ounce in early morning trading on the London Bullion…

Ron Paul expands TV ad campaign to Nevada

Republican presidential candidate Rep. Ron Paul (R-TX) is expanding his TV advertising campaign in early caucus and primary states, ABC News’ Jason Volack reported. The 65-second “Conviction” ad that began airing in Iowa and New Hampshire on Friday will extend to Nevada on Monday. “Nevada is a key constituency with…

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