A leading Republican in the U.S. House of Representatives says he is confident that the bipartisan congressional committee tasked with cutting the federal deficit by $1.2 trillion will be able to reach an agreement before a November 23 deadline. House Majority Leader Eric Cantor made the comment Monday, as the so-called “supercommittee” of six Democrats […]
Italy Sells Bonds in Monday Auction
Posted November 14th, 2011 at 9:05 am (UTC-5)
Italy met its goal of raising more than $4 billion in a bond sale Monday. Though the interest rate for the five-year bonds was the highest since 1997, buyer response was good, indicating that economic worries have eased somewhat since economist Mario Monti was tapped to be the next Italian prime minister. Mr. Monti, said […]
Italy Sells Bonds in Monday Auction
Posted November 14th, 2011 at 7:55 am (UTC-5)
Italy met its goal of raising more than $4 billion in a bond sale Monday. Though the interest rate for the five-year bonds was the highest since 1997, buyer response was good, indicating that economic worries have eased somewhat since economist Mario Monti was tapped to be the next Italian prime minister. Mr. Monti, said […]
Suu Kyi Welcomes Burmese Rights Progress, Calls For More
Posted November 14th, 2011 at 7:15 am (UTC-5)
Democracy leader Aung San Suu Kyi says Burma’s government has taken positive steps toward reform in the year since she was released from house arrest, but needs to do more. Speaking to more than 100 journalists Monday on the anniversary of her release, the Nobel peace laureate said the past year had been “eventful, energizing […]
Obama Warns Candidates Against Reinstating Waterboarding
Posted November 14th, 2011 at 4:05 am (UTC-5)
U.S. President Barack Obama says Republican presidential hopefuls who say they would be willing to reinstate the interrogation practice known as waterboarding are “wrong” to consider using the technique. During a news conference late Sunday, Mr. Obama reiterated his position that the process of simulating drowning is torture, and said that anyone who understands the […]
Obama Hopeful Deficit Panel Will Find Solution
Posted November 14th, 2011 at 2:55 am (UTC-5)
U.S. President Barack Obama says he hopes the leaders of a congressional committee tasked with cutting the federal deficit by $1.2 trillion will do what is necessary in the coming days to agree on a plan. Mr. Obama said during a news conference Sunday that the cuts do not require radical changes, and that other […]
Obama Warns Candidates Against Reinstating Waterboarding
Posted November 14th, 2011 at 1:45 am (UTC-5)
U.S. President Barack Obama says Republican presidential hopefuls who say they would be willing to reinstate the interrogation practice known as waterboarding are “wrong” to consider using the technique. During a news conference late Sunday, Mr. Obama reiterated his position that the process of simulating drowning is torture, and said that anyone who understands the […]
Mario Monti to Lead Italy’s New Government
Posted November 13th, 2011 at 5:30 pm (UTC-5)
Italy’s new prime minister-designate, economist Mario Monti, says he will work quickly to form a new government, as he tries to lead the country out of a debt crisis in the eurozone’s third largest economy. Mr. Monti made the comments late Sunday after Italian President Giorgio Napolitano picked the former European Union competition commissioner to […]
Mario Monti to Lead Italy’s New Government
Posted November 13th, 2011 at 4:10 pm (UTC-5)
Italy’s new prime minister-designate, economist Mario Monti, says he will work quickly to form a new government. Mr. Monti made the comments late Sunday after Italian President Giorgio Napolitano picked the former European Union competition commissioner to lead the country out of a debt crisis. He added that Italy must “heal its finances” and resume […]
Italian President Asks Monti to form New Government
Posted November 13th, 2011 at 3:00 pm (UTC-5)
Italian President Giorgio Napolitano has asked international economist Mario Monti to form a new government. The widely expected nomination came Sunday evening, a short while after the president summoned the 68-year-old technocrat to the presidential palace. Monti received support for the top job from major opposition parties and some members of Mr. Berlusconi’s ruling center-right […]
