by Charles Mead | Apr 5, 2011 | Business & Tech
WASHINGTON — U.S. House Republicans, while unveiling a 2012 budget plan Tuesday with $6 trillion in proposed spending cuts, claimed the president’s own proposal would accelerate a “descent into a debt crisis” even as the lawmakers demanded he outline a reform to...
by Charles Mead | Apr 4, 2011 | Business & Tech
WASHINGTON — The world needs a procedure to shut down big financial institutions facing crisis, and banks should be taxed to prevent excess risk-taking, the head of the International Monetary Fund said Monday. The financial sector “is still is need of major surgery,”...
