May 29, 2012 Many Americans have long believed that the United States is a land of opportunity, where anyone who works hard can climb the economic ladder. But evidence from recent decades indicates that, for many Americans, that dream of economic mobility falls short.
May 17, 2012 Depositors in Greece are nervous about the possibility, and euros are being drained from the country's banks at a rate of up to $1 billion a day this week. The new election scheduled for June isn't boosting much confidence, either. But with so much at stake, is it possible for leaders to prevent an exit?
May 8, 2012 The arguments for growth policies as opposed to austerity are taking center stage in Europe after the French and Greek elections. French President-elect Francois Hollande was voted in to a large extent because of his pro-growth, anti-austerity rhetoric, but he is not rejecting austerity altogether.
April 21, 2012 The IMF went into this weekend's meetings with a goal of raising enough funds to deal with the European debt crisis. China, Brazil and other countries helped surpass that goal, but there's something they want in return.
April 21, 2012 Member countries have pledged $430 billion to add to the International Monetary Fund's crisis-fighting arsenal. The aim is to amass enough resources to handle any further problems coming from the prolonged debt crisis in Europe, but the funds come with a few caveats.
April 19, 2012 At a news conference kicking off the spring meetings of the International Monetary Fund and the World Bank, IMF Managing Director Christine Lagarde said she wants to secure at least $400 billion for a special crisis fund for Europe. Thus far, the U.S. has chosen not to contribute.