European politicians reacted angrily and financial markets slid after Greek Prime Minister Papandreou stunned Europe with the announcement of a Greek referendum on latest aid package.
As developed economies deal with debt and emerging economies like China ramp up, the G20 must spearhead coordinated, complementary policies to navigate the choppy waters ahead, especially for Europe. Austerity alone won't do the trick.
Interest rates rise to record 6.06 percent for 10-year Italian bonds. High interest rates signal market skepticism that Italy will cut spending and balance its budget by 2013.
With German Chancellor Angela Merkel and French President Nicolas Sarkozy at odds over how to leverage bailout funds, hopes for a solution from Sunday's debt crisis summit are wavering.
Carla Bruni and Nicolas Sarkozy don't shy away from the limelight, but they seem determined to keep their newborn daughter out of the public eye.
Carla Bruni gave birth to the first baby ever born to a French presidential couple in office. What did Carla Bruni and Nicolas Sarkozy name their daughter?
Tech stocks were felled by a rare earnings miss at Apple, Inc. The Dow fell 72 points to 11504 after trading high for most of the day, as Apple's poor earnings results helped drag down tech stocks.
A modestly higher financial transaction tax, or FTT, could discourage speculation, lead to less price volatility, and encourage long-term investment. One estimate projects such a 'sales tax' on Wall Street may raise $175 billion a year, even if it cut the total number of transactions in half.
Secretary of State Hillary Clinton was a voice for military intervention in Libya. Now, she's visiting Tripoli, basking in the mission's success and trying to boost US ties to the new government.