June 2012 Headlines
A recent poll found that 51 percent of Americans believe the government will go bankrupt, and a new congressional report appears to corroborate those fears.
European leaders took steps to calm fears about the EU debt crisis at the financial summit in Brussels. They agreed to use the continent's bailout fund to send money directly to struggling banks.
European leaders are hoping for debt crisis breakthrough as they gather to sign off on measures meant to boost economic growth in the eurozone.
Stockton, Calif., officials have been trying to reach an agreement with creditors on a plan that would close the city's $26 million deficit in case they declare bankruptcy.
Moody's decision to downgrade the credit rating of 28 Spanish banks means more problems for Europe as it tries to dig out of the growing debt crisis.
Confidence in the strength of the global economy is wavering Friday amidst new signs of an economic slowdown. Now investors are heading for the exits.
Like military preparation, financial planner Steve Repak says the solution to getting out of debt is a little basic training. He offers a little "uncommon sense" to get started.
The Federal Reserve has cut its forecast for economic growth for the rest of 2012.
World leaders failed to find a lasting solution to the European financial crisis, as the G-20 summit wrapped up in Mexico.
World leaders are wrapping up the G-20 summit in Mexico Tuesday, where they're expected to announce an agreement to grow the global economy.
There was a global sigh of relief as Greeks elected a party that wants to keep Greece in the European Union. But skeptics warn celebration may be premature.
State-run hospitals are cutting off important drugs and rationing basic medical materials for exhausted doctors.
Bond prices in Spain are hitting new lows. The news comes after Moody's Investor Service downgraded Spain's credit rating to one notch above junk status.
Gas is just one of several commodities seeing a drop in cost. But those cheaper prices may be a sign that even tougher economic times are on the horizon.
JPMorgan CEO Jamie Dimon said the company plans to invoke a "clawback" to recoup money from the executives responsible for the bank's trading losses.
European leaders believe the eurozone needs more government oversight, according to a EU summit draft paper. But critics say they're living in fantasy land.
A Federal Reserve survey revealed the average American family's net worth took a nose dive because of the recession.
Italy may experience the next debt crisis in Europe. Some investors have already started to sell Italian stocks and bonds.
Eurozone finance ministers issued the line of credit to the Spain to rescue banks and an economy still devastated after the collapse of a real estate bubble.
The president urged Congress to take steps to get Americans back to work and said Europe must move quickly to put their economic houses in order.
The health of the U.S. economy took center stage Thursday as Federal Reserve Chairman Ben Bernanke testified before Congress.
The slowing world economy has brought a little good news for Americans in the form of falling gas prices.
The CBO says if current tax and spending policies don't change, the national debt will swell to twice the size of the economy in 25 years.
Economists have worried all along that the nations in the eurozone would start to fall like dominoes. Now the dominoes seem to be moving.
The most recent reports on the job market now has many analysts pessimistic about the U.S economic outlook for the rest of the year.
Global stock markets fell Monday as concerns grow that the European debt crisis may lead to global recession, which could hurt an already weak U.S. economy.
The jobless rate rose in May to 8.2 percent, and the U.S. economy added a mere 69,000 jobs - the lowest in a year, the Labor Department reported Friday.