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The Washington Post Wednesday, July 18, 2012
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Business
U.S. economic fears shift from Europe toward 'fiscal cliff'

The main threat to the economy is shifting from what others may do to us to what we are doing to ourselves.

For much of the year, economists worried about the impact of the slowdown in Europe on the U.S. economy. Now, analysts say anxiety about the impact of the fast-approaching fiscal cliff — the series of federal spending cuts and tax hikes set to take effect at the beginning of 2013 if Congress and the Obama administration do not act — is displacing Europe as the primary threat to the nation's sputtering economy.

Read full article >>

(Michael A. Fletcher, Zachary A. Goldfarb)

Geithner did not show evidence of rigged Libor, British bank official says

Federal Reserve Chairman Ben S. Bernanke told lawmakers Tuesday that the central bank did all it was required to do after learning in 2008 of the ma­nipu­la­tion of the Libor interest rate, including notifying counterparts in Britain.

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(Zachary A. Goldfarb, Jia Lynn Yang)

Keeping credit bureaus in check

Finally, the companies that have been keeping track of how we handle our credit will be watched closely by a single federal agency.

On Sept. 30, the Consumer Financial Protection Bureau — exercising the muscle it was given by Congress — will start supervising credit reporting agencies, including the big three: Equifax, TransUnion and Experian.

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(Michelle Singletary)

Coalition urges tax hikes, entitlement cuts to tame national debt

A coalition of business leaders, budget experts and former politicians launched a $25 million campaign Tuesday to build political support for a far-reaching plan to raise taxes, cut popular retirement programs and tame the national debt.

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(Lori Montgomery)

Greece in hard spot as debt payment looms and European doubts grow

BERLIN —Greece's new leaders have had only a month to confront their country's dismal tangle of economic problems, but some in Europe think the troubled Mediterranean country is up against a hopeless task.

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(Michael Birnbaum)

More Business

Economy
U.S. economic fears shift from Europe toward 'fiscal cliff'

The main threat to the economy is shifting from what others may do to us to what we are doing to ourselves.

For much of the year, economists worried about the impact of the slowdown in Europe on the U.S. economy. Now, analysts say anxiety about the impact of the fast-approaching fiscal cliff — the series of federal spending cuts and tax hikes set to take effect at the beginning of 2013 if Congress and the Obama administration do not act — is displacing Europe as the primary threat to the nation's sputtering economy.

Read full article >>

(Michael A. Fletcher, Zachary A. Goldfarb)

More Economy


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