Wednesday, May 16, 2012 at 5:52 AM
Treasury Secretary Timothy Geithner warned on Tuesday that the U.S. will likely hit its debt limit sometime before the end of the year. At the same event in Washington, House Speaker John Boehner promised that any increase in the nation's debt ceiling would have to be accompanied by corresponding budget reductions. .
This article is filed in: Economy, Around the Nation, Politics, Business
There was a 2.6 percent increase in housing starts in April from March.
The Latest On Greece's Financial Crisis
Government talks in Greece ended badly after the president invited the leaders of five parties to try to form a coalition. Meanwhile, analysts, economists and several European politicians are talking about a Grexit — a Greek exit from the eurozone — as being inevitable.
Portugal Looks Back On 1 Year Since Its Bailout
Uncertainty in Greece is rattling nerves in other European economies worried about a domino effect, if Athens were to leave the euro. Among those is Portugal. Wednesday marks one year since that country received a 103 billion dollar bailout. Reporter Lauren Frayer has more on how Portugal is faring.
Greeks To Head Back To Ballot Box After Talks Fail
Political leaders failed to agree on a governing coalition to run the economically-troubled country.
Hollande Talks Austerity With Merkel On First Day
Robert Siegel talks to Sylvie Kauffman and Josef Joffe.
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